021 001 8204 info@appraise.co.za

General Valuation Roll 2022 live in February

by | Feb 6, 2023

23 January 2023. Press release City 

26 January 2023

Legislation requires municipalities to undertake a General Valuation (GV) every four years. The City of Cape Town initiated this process last year and the GV Roll will be ready for property owners in the metro to inspect from 21 February 2023. Objections must be submitted by no later than 30 April 2023. The GV determines what contributions property owners make to the rates account. Rates are used for shared services such as fire services, libraries, recreational areas and clinics. New rates will be implemented from 1 July 2023. Please see: www.capetown.gov.za/propertyvaluations 

‘Property valuations are determined by professional registered valuers based on the market value of properties at a certain date. For GV2022, the valuation date is 1 July 2022. The accurate and fair market value is in most cases determined in terms of comparable sales information around the valuation date. We see many examples of estate agents advertising free valuations of properties in light of the GV; however, the GV is already based on market value of comparable properties, as required by legislation. Any reference to separate “municipal values” is incorrect. 

Remember

Whether residents qualify for indigent support or indigent rates relief depends on monthly household income. Currently, if the total household income is R7 500 or less per month, residents could qualify for a discount on water, sewerage, electricity, waste collection and property rates.

Residents may qualify for indigent support if they:

  • are a homeowner
  • earn R7 500 or less per month
  • own only one property
  • are the full-time occupant of the home
  • use the home mainly for residential purposes
  • are a child who lives in the home of a parent who has passed away
  • received the house in a divorce settlement
  • depend on a pension or a social grant for their livelihood

Applicants will need:

  • proof of identification (ID book/card or passport)
  • a bank statement for the last three months or a sworn affidavit stating that they do not have a bank account
  • a bond statement for the last three months or a sworn affidavit stating that they do not have a bond account
  • a copy of the estate documents if the applicant has inherited his or her house

If residents are employed, they must also include:

  • latest salary/wage pay slip or a letter from an employer stating their income
  • a sworn affidavit if they are self-employed stating how much is earned per month
  • proof of a disability grant, maintenance grant or pension is received

If residents are unemployed, they must include the following in the application:

  • a sworn affidavit stating that they are unemployed
  • a sworn affidavit stating that they have no other source of income

Useful contacts and information:

For rates or services relief

Pensioner rates relief

For payment arrangements