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Cape Town homeowners are entering a new cycle of property valuations that will influence municipal bills for the next few years. The City’s latest General Valuation Roll, known as GV2025, reassesses the municipal value of nearly every property in the metro and will form the basis for calculating municipal rates from July 2026 onward. This will remain in place until the next valuation cycle. This latest valuation process covers roughly 970 000 properties and will be used to determine property rates, a tax paid by homeowners to fund municipal services such as roads, waste removal and public infrastructure. For many residents, the valuation process may feel abstract, yet it has very real financial implications.
“Municipal valuations can feel technical, but they have very real consequences for household budgets,” says Esteani Marx, Business Development Executive at Lightstone Pty Ltd. “Homeowners should treat the valuation roll as an important financial document. Checking the municipal valuation against actual market activity in the area can help determine whether it accurately reflects the property’s value.”
Once valuations are published, homeowners are given a limited window to review them and lodge objections if they believe the municipal value is incorrect. City of Cape Town residents have until 30 April to examine the roll and submit objections supported by market evidence if they believe their property has been overvalued.
The value listed by the municipality is not necessarily the same as a homeowner’s purchase price or an Estate Agent’s current market estimate. It represents the municipality’s assessment of the property’s market value on the official valuation date. Without periodic reassessments, some homeowners could end up paying more than their fair share.
Please read the article written by Tony Korsten on LinkedIn here.