City of Cape Town GV22 (General Property Valuation 2022) is now open
The General Valuation Roll (GVR) is a document containing the municipal valuations of all the registered properties within the boundaries of the City of Cape Town and is used to calculate the rates that property owners are required to pay. You are able to object to your property valuation during the objection period.
The GVR gives the market value of a property on a certain date. It applies to all properties in Cape Town and is used to calculate the monthly rates that property owners are required to pay for general services such as street lighting, parks, libraries and fire services.
The municipal valuer, is responsible for producing the GVR and is assisted by professional valuers, statistical analysts, data collectors, and support staff.
Together, they collect and review property sales and data that take place around the date of valuation and generate a valuation using the Computer-assisted Mass Appraisal (CAMA) system.
To ensure fairness, the GVR is verified/externally assured by an independent body – the GV2022 was audited by International Property Tax Institute.
General Valuation Roll for 2022 (GV2022)
- The 2022 General Valuation Roll (GV2022) was certified on 31 January 2023.
- All properties on the GV2022 Roll are representative of market value as at 1 July 2022.
Property owners are able to submit objections:
- Electronically via e-Services or email until 30 April 2023
- In-person at public inspection and objection venues until 31 March 2023
No late objections will be accepted.
Follow the link below for detailed instructions on how to object your property valuation:
Account locks for properties with objections
Account locks will be inserted for all properties with valid objections. The account lock will prevent debt collection action on the property rates portion of the municipal account while the objection is under investigation.
Account locks will be removed after the objection is finalised, and the account will be recalculated based on the objection decision valuation.
PAYMENT OF MUNICIPAL RATES
The Account Lock will allow you to make rates payments on the valuation you believe to be correct while the objection is outstanding, without incurring debt collection action.
Following the update of the objection decision valuation on your municipal account, you will be liable any amounts owing on your municipal account.
Should the finalised objection result in the City owing you, this will be repaid to you with interest. Should the objection decision result in an increase in your valuation, or the valuation remains the same, all interest calculated on the arrears will become payable.
Supplementary Valuation Roll (SVR)
Properties are currently being selected for valuation in the SV05/GV2018 roll. The SV05/GV2018 Roll will be certified in June 2023.
The City must certify and publish at least one SVR per year.
The SVR contains details of properties that were not included in the last GV Roll, as well as any properties that have been changed.
According to the amended Local Government Municipal Property Rates Act(Act 6 of 2004) , a property is determined to have changed, if it has:
- been identified as having been previously incorrectly valued;
- been incorrectly recorded in the last GVR because of a clerical or typing error;
- been omitted from the valuation roll;
- been recently added to the municipality;
- been subdivided or consolidated;
- changed in category
- had a building plan signed off;
- had a significant increase or decrease in market value since the last GVR;
If your property is included in an SVR, the City will post two notices to you.
Notice 1 will be posted immediately after the SV valuation is completed, and will inform you of your right to request a review. You will need to email valuationsobjection@capetown.gov.za to obtain the official review form and return the completed form to the same address.
Notice 2 will be posted to you after the SV Roll is certified. This notice will inform you of your right to object, and outline the process for submitting an objection. You can obtain an official form by emailing valuationsobjection@capetown.gov.za and must return the completed form to the same address.
UPCOMING VALUATIONS
The City Valuation Office will value properties for the SV01/GV2022 roll as from 1 July 2023.
Contact us
Telephone:
0860 103 089
Email:
Document downloads
How to Search For Your Property on the GV2022 Roll 20/02/2023, Guideline - 791.5 KB
Valuations Tariffs 01/07/2022, Budget annexure,Tariff - 670.1 KB
General and Supplementary Valuations FAQs 20/02/2023, FAQs - 354.2 KB
From City of Cape Town website: https://www.capetown.gov.za/Family%20and%20home/Residential-property-and-houses/property-valuations/general-and-supplementary-valuations
No comments:
Post a Comment