update


[UPDATE] Mogale property valuations explained – object or hold your peace

File photo: Lynn Pannall.

On Sunday, 1 July, all property owners can expect the latest municipal property valuations to kick in.

This will be the valuation on which the proposed annual increased property rates tariff of six per cent will be calculated.

According to legislation, properties have to be re-assessed every five years by an accredited Municipal Valuer. The valuation is based on the size of an ‘erf’, the value of improvements (structures) and certain market-related aspects.

The valuation process for 2018–2023 has been completed in Mogale City and ratepayers should have received their new valuations.

Given our readers’ interest in our previous article on the valuation roll, the News has decided to dig deeper.

Read the previous article here: ‘Check your property valuation!’ urges local ward councillor

According to a Democratic Alliance councillor, Lynn Pannall, there are several factors which are taken into account when calculating property rates.

“First and foremost, all tariffs are the same, regardless of the suburb. What makes the difference is the valuation and the market-related factors. If you’ve added any additional structures (such as a garage or lapa for instance) within the past five years, that will increase your valuation,” she explained.

“Everything is based on the property’s square meterage and the structural improvement thereof. The meterage of the stand and structures will be taken into account. That valuation together with market-related factors is then calculated accordingly.”

By analysing information gathered by data collectors, aerial photographs, and plans that have been submitted, properties are valued with the help of coordinates.

She added that market-related aspects are also taken into account. These aspects include close proximity to social and educational structures such as schools and shopping centres, for example.

“If such a structure has been built near the property in question within the past five years, it may influence their valuation. Property values in Chancliff, for instance, have gone up as it’s a sought-after area with other market-related aspects weighing in as well,” she said.

Property owners have the opportunity until 18 May to object to the latest municipal property valuations. According to Lynn, it would be good for property owners to motivate their objections by presenting the valuation of comparative properties of the same size and within the same area as well as valuation certificates from estate agents.

An independent Provincial Appeal Board will consider objections after the closing date. If an objection is successful, the adjusted valuation will form part of the Supplementary Valuation Roll.

When properties do not appear on the Valuation Roll, ratepayers should submit an objection to that effect to avoid having to pay large amounts of unpaid rates and taxes when a Clearance Certificate is subsequently sought from the municipality.

If you have not received your property valuation, feel free to access it from the link on the municipal website at http://www.mogalecity.gov.za or from [email protected].

Objection Forms can also be downloaded or collected at the Valuation Division in the IEC Building, corner of Monument and Ockerse Streets in the CBD. The completed forms (no electronic objections) must be handed in at the following address before or on 18 May, by 4pm: The Municipal Manager, Mogale City Local Municipality, Krugersdorp, Attention: Mr P Mabelane, Valuation Unit in IEC Building.

Do you perhaps have more information pertaining to this story? Email us at [email protected] or phone us on 011 955 1130.I 

For free daily local news on the West Rand, also visit our sister websites: 

Randfontein Herald

Roodepoort Record

Get It Joburg West Magazine

Remember to visit our FacebookTwitter and Instagram pages to let your voice be heard!

  AUTHOR
Alanicka Lotriet
Journalist

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