The City of Johannesburg announced that the new municipal valuation roll will be open for public inspection from 20 February and will run for 45 days.
Newly appointed MMC for Finance, Funzela Ngobeni, said it will be open until 6 April. “Ratepayers will first be given the opportunity to inspect the General Valuation Roll from the first date of publication, before lodging any objections with the municipal valuer,” he said in a statement.
Property owners have the right to object to their property’s entry on this roll. But once the roll has been finalised, objections will only be allowed through a specific, legally determined process.
The proposed 2018 Valuation Roll has recorded about 879 005 properties within the Johannesburg metropolitan area. The City explained that each property value is linked to its market value, which determines the rates payable by each owner. The valuation roll will then be valid for four years.
“A General Valuation Roll forms the basis for the levying of property rates. Owners who want to dispute the value of their properties should complete objection forms and attach supportive documents,” said Ngobeni.
The valuation review will start immediately after the objection period ends and will be done by the municipal valuer.
The roll will then be implemented on 1 July and it will also be available on the City’s website.
The City is hosting public meetings about the rates policy that will be reviewed. The policy defines and categorises all properties within the boundaries of the municipality and it allows the City to generate rates revenue by assigning a tariff to the property categories as they appear in the roll.
Copies of the draft policy documents can be viewed on the City’s website but hard copies are also available at walk-in customer service centres.