The Overstrand Municipality is aware of a number of individuals that are currently driving the issue of the latest general property valuations and making assumptions that it would result in exorbitant increases in the rates and taxes of individual households.
It is true that property values have increased substantially since the last general valuation of 2015. This was expected judging from the property sales and the prices paid for mentioned properties over this period as valuations are driven by the market.
Although the Municipal Property Rates Act determines that valuation rolls are valid for four years and can be extended for one year, the Municipality also had to contend with Covid, hence the reason for the longer extension.
However, Council still needs to resolve the actual rate to be charged against the new valuations as part of the 2023/24 budget process. So, any speculations or assumptions at this stage are premature and quite frankly deceitful with the intent to mislead.
Ratepayers are urged to check their valuations and if necessary, lodge an appeal should they be of the opinion that the valuation does not reflect the reality. Appeals must be done in writing to the Municipal Manager on or before 3 April 2023 and will be adjudicated by an independent Valuation Appeals Board appointed by the Provincial Minister of Local Government, Mr Anton Bredell.
The valuation roll is available on the Municipal website www.overstrand.gov.za (click on documents, strategic documents, property-valuation), as well as municipal offices and libraries in the respective towns within the Overstrand.