Joburg residents irate after city inflates values of their properties — and thus rates bills
About 40% of property values rose 21%-40%‚ according to a breakdown provided by a city representative, while a further 30.7% rose 41%-60%
Property owners in Johannesburg are fuming after the city released its valuation roll‚ which shows prices rising by huge margins.The city released the 2018 roll on February 20 for the period July 1 2018 to June 30 2022 and it is open to the public for inspection until April 6 2018.About 40% of property values increased by 21%-40%‚ according to a breakdown provided by a city representative. A further 30.7% saw increases of 41%-60%. Property values rose by more than 101% in 3.4% of cases.Janet King‚ a property owner in Melville‚ got the shock of her life when she discovered the price that the city had placed on her two-bedroom house with a cottage."The previous valuation that was on my property was R1.45m. I thought this was reasonable … It is now R2.5m for a little semidetached house‚" King said."I would be delighted if somebody gave me that amount of money for my house but I know they are not going to. The house is quite small. It is ridiculous. Nobody is going to pay R2.5-million f...
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