SHOWING ARTICLE 2 OF 13

I've just seen my latest municipal value - should I object?

Category Advice

The latest General Valuation (GV2018) roll has just been published and all property owners within the Cape Town Unicity will start receiving formal notice of their property's new valuation. This notice will reflect the City of Cape Town, municipal valuer's opinion of your property's market value as at 1 July 2018.

To view the roll online follow this link: http://web1.capetown.gov.za/web1/gv2018/SearchProperty

If you are of the opinion that the municipal value is too high as at 1 July 2018 then you have until 30 April 2019 to lodge your objection via email or e-services or until 30 March 2019 should you be objecting in person, at one of the 32 venues across Cape Town. For more information see the City's fact sheet here: resource.capetown.gov.za/documentcentre/Documents/Graphics and educational material/GV2018 Factsheet English.pdf.

Please remember that a large % jump in value since the last GV(2015) is not a valid reason to object. The two values should be viewed in isolation and should reflect the market value as at those two dates, being 1 August 2015 and 1 July 2018.

Steer & Co has the experience and resources to check your GV2018 value against your property's market value and to object on your behalf where necessary. Should you wish to instruct us, please phone (021 4261026) or email (pauline@steer.co.za) Pauline Masconi. Please don't leave this important aspect of your property's management to the last minute but rather act now and get your objection in promptly.

In every GV cycle, there are a number of Supplementary Valuations (SVs) that take place. This gives both the City and property owners the opportunity to alter the municipal value following any changes such as (but not limited to) building on a vacant site, vast improvements/extensions, a change in use or a subdivision/consolidation of a property and major value errors.

Property owners would receive a notice informing them that their property has been included in the latest SV and would have an opportunity to lodge an objection within a stipulated timeframe. If the owner is not satisfied with the objection result, they are given the opportunity to lodge an appeal within a stipulated time frame.

STEER & CO VALUATION DIVISION

Author: Nina Vass

Submitted 25 Feb 19 / Views 1117