Cape Town to update its property valuation roll
Cape Town property owners are urged to inspect the city’s soon-to-be released valuation roll and object before August 30 if necessary
The Mother City’s 870,000-odd registered property owners should soon know what their new municipal valuations are. More importantly, they’ll know whether the City of Cape Town has done a better job than Joburg to ensure that its three-yearly increases are market related. Joburg residents were up in arms when the council released its general valuation roll for public scrutiny in February 2018 — five years after the city’s last valuation roll was published in 2013. Many property owners were hit with what appeared to be disproportionately large valuation increases, and the wrong values were assigned to at least 8,000 properties — mostly commercial buildings and blocks of flats. Industry players at the time blamed valuation errors on the city rushing its valuation process and using inexperienced assessors. There was also a view that in some cases property values may have been artificially inflated to line the city’s coffers.
ValueCheck executive director Andrew Watt, who co-founde...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.