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The City of Johannesburg (CoJ) has received over 42,000 objections to its new property rates as the value of properties has been inaccurately assessed, resulting in substantial rate increases for property owners.
The city explained that it levies its current property rates on the market value of a property determined in July 2022, with the period for objections to the new valuations ending on 5 May.
Properties are grouped into categories and rated according to their values in the city’s General Valuations Roll (GVR) which are based on the size of the property and the improvements on the building.
The city received 42,053 objections, representing 4,5% of the GVR, which inspected 934,652 properties. Of the objections lodged, the city has finalised 13,000 objections. It intends to finalise the rest by 30 September 2023.
Residential properties make up the largest proportion of these objections, with over 30,000 complaints from households.
Read the full article on the Daily Investor here.