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STBB Newsflash | PROPERTY RATES INCREASE: YOU CAN OBJECT

property rates increase
The City of Cape Town updates the general valuation roll every three years to assess and adjust as necessary the current worth of immovable property within its jurisdiction. If the value of an immovable property is adjusted upwards, it may result in an increased rates liability for the property owner.
 
The City has now commenced receiving objections to the Supplementary Valuation Roll of 2018, and the window period for objections closes on 11 September 2020.
 
If you are of the opinion that an amended market value does not reflect the reasonable market value of your property, it is well advised to raise an objection, in person or online on the City’s website. To assist you, you can access your property valuation here. 
 
The objection process can become onerous and technical. Let STBB’s expertise manage this important process on your behalf.
 
Contact Tim Chase at timc@stbb.co.za

www.stbb.co.za

021 673 4700

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