The City of Cape Town encourages property owners to view the General Valuation (GV) 2018 Roll and to submit market value objections until 30 April 2019. The City’s rates calculator is also a helpful tool to make use of and can be found on the City’s website.

The City’s rates calculator is available athttp://web1.capetown.gov.za/web1/gv2018/SearchProperty and will give property owners the proposed rates that will be payable from 1 July 2019.

‘We only calculate what we need to enable us to provide municipal services to all residents such as fire services, clinics and community facilities. We do not make a profit from rates income. The City values properties on their market value. This is in accordance with national legislation. Importantly, property value increases do not equate to the same rates increases. Some 42% of residential properties will pay lower rates as a result of the GV and the proposed new property rate.

‘Overall, the City has proposed a reduction of the property rate of more than 22% in the cent-in-the-rand from 0,7154 c/R to 0,555 c/R. We have also proposed that no rates are payable for residential properties on the first R300 000 (currently R200 000). This means that residential properties will only be taxed on the value greater than the first R300 000.

‘Some R1,23 billion has been put aside to assist ratepayers in the form of rates discounts. We encourage our ratepayers to find out if they qualify for assistance and to make an application if the qualify. Information is available online or at one of the City’s customer care offices,’ said the City’s Executive Deputy Mayor, Alderman Ian Neilson.

The GV 2018 roll can be inspected on the City’s website and objections can be submitted via email or online until 30 April 2019. No late objections will be considered.

The proposals, including the rate-in-the-rand, will be considered for approval by Council at the end of May 2019 for implementation on 1 July 2019.

The rates calculator is a service that is available to property owners to provide them with an estimated monthly rates liability based on the proposed rate-in-the-rand and valuation threshold.

The estimated calculation has only taken into account the statutory- and City-determined reduction amounting to R300 000 per residential property value and not any other individual rebate that may be granted on application.

Source: City Of Cape Town