Executive Deputy Mayor and Mayoral Committee Member for Finance, Alderman Ian Neilson, assures ratepayers that the process of valuing their properties is fair and based on market value and that the City will not tax people out of their homes. “We are a compassionate administration that cares about our residents. Assistance measures, including different types of rebates and our indigent policies, bear testimony to this fact,” he said. However, it is important for everyone in the city to pay their fair share when it comes to rates.
The next step of setting rates based on the valuations is an entirely separate process to that of valuing properties and has not begun. The rates process is set within a national framework by national government. Property owners will only know their new rates bills when the ‘rate in the rand’, upon which new rates will be based, is set in May.
The City of Cape Town’s Director: Valuations, Christopher Gavor, explained that, there are many scenarios that impact on setting the value of your property and that owners need to assess whether the current values are accurate.
An increase in a property value on its own does not necessarily imply an increase in one’s rates bill. The rate in the rand will be adjusted to account for the overall increase in the total value of all properties. If an individual property value has increased by less than the average increase across the city, that property may actually experience a decrease in rates. Increases in rates are only expected at those properties where the increase has been higher than that of the average increase.
A 60-day inspection and objection period will take place from February 22 to 30 April 2010. Objections will be fairly assessed and there is an appeals process in place. Ratepayers with access to the internet need not visit the objection centres as all information necessary to lodge an objection will be available on the City of Cape Town website at www.capetown.gov.za
Residents who require further assistance can visit one of 18 inspection centres across the city that will open on Monday 22 February. For more information, ratepayers can contact 086 010 3089.
Shortened version of CITY MEDIA RELEASE – 19 FEBRUARY 2010 enquiries: Alderman Ian Neilson, Executive Deputy Mayor and Mayoral Committee Member: Finance, Tel: 021 400 1306 or Cell: 083 306 6730 Christopher Gavor, Director: Valuations, Tel: 021 400 9900 or Cell: 082 899 3308