2012 Nov 16
- Property Owners to prepare for Municipal Valuations
Fibiger has cautioned property owners in the Nelson Mandela Metro to
prepare and equip themselves for the upcoming municipal valuations
the past, owners of property could be more complacent about the
valuation process," she said, "simply because rates tariffs were much
lower than they are now."
that as tariffs have increased, the amount owners have to pay has
become a substantial cost in owning property and more effort needs to
be spent on ensuring an accurate valuation is done on one's property.
to be aware that municipal value is based on current market value and
being aware of economic trends is key to knowing whether the valuation
is accurate or not.
Africa, like the rest of the world has experienced recessionary times
since the last municipal valuations and therefore most properties would
presently be overvalued," she said. "This directly translates to
unneccessary expenditure for the property owner"
Network is offering a free Comparative Market Analysis to anyone
requesting it, which provides valuable information regarding latest
sales in any given area, whichin turn provides a clear indication of
market value. Any major variances to the Municipal Valuation, should
then be lodged as a query with council
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