We have just recieved our new propert valuations..Cape Town have not heard about recession or falling values or estate agents closing down parts of the so called expanding property markets.. My property has forged ahead fromR.685,000 to a staggering R.868,000. The last unit in our complex sold Nov 2009..R.645,000. Now how do we find out where the City of Cape Town obtain the information.. I always thought it was from the transfer of properties through the Deeds Office.. Not so ,,obviously.. Why cant the rate payers get together and challenge this high handed action?? Or have I missed the boat by not noticing this has been happening under my nose. Parklands Home Ownwers Association surely know what properties are selling for?? No I am not picking on them!! Can anyone tell me what is happening..Please.. I know we can object with time and money individually..In the meantime we must pay the new rates.
It may well be worth asking the Table View Ratepayers Association - they are generally on top of these sorts of things.
Hi there.
I am an EXCO Member of the TVRPA.
My rates went up from 810.000 to 1.1 Mio.
Yeah I am very rich according to council, with an erf of 330 sqm, 2 bedrooms in Wooddrive.
We had an Excomeeting about this Topic, and please watch the space here and in the local media.
We will not accept, that council is taxing us out.
Unite behind your local Ratepayersasscocation, and we will fight this increase, with all the power we have together.
Hi Alex. Do I understand that the new amount stated is less the R88000. rebate. For example R800000. is realy R.888000. less the rebate of R88000.Please confirm this is your understanding.
I am going to object obviously but just checking as I understand it??Tnx
you got it right.
Despite all assurance of Mr. Nielson, it is full of mistakes.
Object and do not accept
I see very little interest from other ratepayers on this topic..Does that mean the complacency or lack of fighting spirit is all around us.. I hope not..However I am going ahead with my campaign and objection strategy..Best Regards to all.
@SADCITIZEN
Do your bit and object. It takes hardly any time and certainly no money. Remember that the objection cannot be based on the process or method but on your individual property's situation.
Use all the local data available (such as previous transfers in the complex) and especially reasons unique to your property to justify your valuation.
Its appears that the city's formula took a rough per sqm value common to a suburb initially, updates it with any subsequent sale value and simply applies a growth & inflation factor to it.
Where I am on the beachfront we have a multi storey building going up at the back and one approved for the front, a gruesome murder and armed robbery scenario spinning off an unlicensed, uncontrolled (and probably 'protected' brothel a block away and now perverts in the public loos. I will argue that the failure to police the built and social environment has negatively affected the property values in this neighbourhood.
I would be interested to hear from Exco Member what the actual formula for the calculation is?
Good luck!
The objection forms are online so cut and paste this link into your browser. http://www.capetown.gov.za/en/propertyvaluations/Pages/HowToObject.aspx#....
You can then email them into the Objections office once completed.
The problem seems to be that the "values" that have been used by the Valuations office go back to 2008 and don't take the recession of last year into effect. How convenient !
Hello William,
that is excatly the point.
The council is hiding both, the calculation and the rand in the cent.
In other words, after the deadline, they can do what ever they want, and the cityratepayers are still sleeping and believing what our ghostcouncillor and financemayco is saying.
there is a big ripp off going on , and the council is very comfortable that the objection period is also at the time where holidays are, so a lot of people will miss it.
Please watch this space, and our next TVRPA Meeting, will have this issues as the main topic.
Hi Alex.. and All..Contrary to both our thoughts.. The Valuations Office states telephonically... The market value on your valutions form is the full amount..After you agree or object the final agreed/accepted figure,, is then subject to the R.88000. discount/reduction. So R863000.. becomes R.77500.rateable value..
Am i being misinformed by them or have we got it wrong..
Best Regards PK.