Property rates Bill before Parliament this year

Posted On Friday, 14 June 2002 10:01 Published by eProp Commercial Property News
Rate this item
(0 votes)

Legislation governing property tax at local government level has been

Sydney-MufamadiLegislation governing property taxes - the Property Rates Bill - will be  before Parliament this year, says  Provincial and Local Government Minister
Sydney Mufamadi.

Speaking in his Budget vote in the National Assembly the Minister said: 'We  do intend to present the Bill before Parliament this year.' The minister said the legislation had been 'reworked after a lengthy period  of consultation with stakeholders'.

Earlier this year he said it was expected the Bill would be promulgated  before the end of the year ahead of the 2003 financial year.
He told MPs that his department recognized that an improved billing system  and enhanced credit control policy was key to sustainability at local
government level.

The problem of municipal debt, he said, was attributable to three issues:

  • The affordability of rates and tariffs as many people would
    simply not pay if they could not afford them;
  • The level of services being provided by a municipality must
    justify the payment of rates:
  • The administration of the collection of revenues must be
    effective to ensure people feel compelled to pay

Mufamadi said financially well-managed municipalities would increasingly be  able to capitalize on improvements in the their administration - with
accountability enhanced through the Municipal Systems Act and the Municipal  Finance Management Bill - which would would bring about changes in the  budget processes and reporting requirements.

Mufamadi has said that the Property Rates Bill would regulate property rates  in accordance with the constitution and provide a uniform and equitable  framework for the valuation of property for local rates policies.

 

Last modified on Wednesday, 21 May 2014 18:48

Most Popular

University of Fort Hare construction resumes

Jun 18, 2020
Construction of UFH Student Housing
Following two months of hard lockdown, the development of a 2 047-bed student village at…

SA property prospects as we look beyond COVID-19 lockdowns

Jun 11, 2020
John Loos FNB Property Economist
“The COVID-19 Crisis has changed the world a lot, perhaps less through introducing new…

Estate Agency Affairs Board to re-open its doors this month

Jun 13, 2020
Mamodupi Mohlala
The Estate Agency Affairs Board (EAAB) will re-open its Sandton, Johannesburg offices…

Grit to improve liquidity, save costs through proposed JSE de-listing

Jun 11, 2020
Bronwyn Corbett Grit
London Stock Exchange listed Grit announced its intention to de-list from the JSE.

Redefine’s European logistics platform set to expand its footprint in Poland

Jun 17, 2020
Andrew Konig CEO Redefine
JSE listed diversified real estate investment trust Redefine Properties (JSE: RDF) along…

Please publish modules in offcanvas position.