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Property tax season is open

Posted Apr 16, 2019  
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Type: Property Management
Province: Western Cape
City: Cape Town
Address: Durbanville
The City of Cape Town’s General Valuation 2018 (GV2018) will be implemented for the billing of rates with effect from1 July 2019.

There is hope though. The public inspection and objection period for registered property values in Cape Town will commence on 21 February 2019.

The City chooses to conduct a general valuation every three years. The City Valuer makes use of a computer modelling programme called Computer-Assisted Mass Appraisal (CAMA) which uses sales data, aerial imagery and other property information to determine the market value of a property.

Hennie Fritz (now Approach PMC) has submitted hundreds of successful objections in both the previous General Valuations, with an average of 22% saving for the property owners.

We can attend to the following on your behalf:
Obtain the GV2018 valuation schedule for your property, and evaluate same against previous GV’s, comparable properties and in the case of income generating properties, against market trends, cost structures and values.
If we believe there is scope for an objection and we can provide a motivation as to why it is believed that the valuation is incorrect, then we compile our supporting arguments as to what the valuation should be amended to, attend to the administrative matters of completing the prescribed objection forms and submitting same by hand to CoCT before 29 March 2019.
(Don’t wait until the last day; earlier submissions receive earlier results, but late objections, will not be considered at all)

What is the cost?
If we proceed with compiling the objection, then the cost per objection is R 1 400, payable on proof of same being submitted to CoCT.
If the objection delivers an amended rates valuation (the CoCT objection results takes approximately 4 – 6 months), then we will appreciate 10% of the cost saving.

We have the knowhow to be of service and to solve your property rates challenges!
Let’s make an appointment.

Approach Property Management Consulting

Joined: Feb 13, 2019
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