LETTER: City of Joburg sucks property rates out of its thumb
12 March 2023 - 16:37
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I could not agree more with Andy Clay’s letter (“Properties are valued in cloud cuckoo land”, March 7). How in the world does the City of Johannesburg get these property values? The economy is in free fall and it raises rates? It is out of touch with reality.
My home was previously rated to be worth R2.3m, and the city has now decided it is worth R2.626m, a 14.17% increase. The best valuation I have had from reputable estate agents is R2.05m at March 6. Like Clay, I would happily hand over the keys to the front door at that price.
Bruce Furness Johannesburg
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
LETTER: City of Joburg sucks property rates out of its thumb
I could not agree more with Andy Clay’s letter (“Properties are valued in cloud cuckoo land”, March 7). How in the world does the City of Johannesburg get these property values? The economy is in free fall and it raises rates? It is out of touch with reality.
My home was previously rated to be worth R2.3m, and the city has now decided it is worth R2.626m, a 14.17% increase. The best valuation I have had from reputable estate agents is R2.05m at March 6. Like Clay, I would happily hand over the keys to the front door at that price.
Bruce Furness
Johannesburg
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
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