The South African Institute of Valuers (SAIV) would like to encourage property owners to have a better understanding of the municipal valuation process and its effect on rates and taxes payable.

Cape Town homeowners could be in for a nasty surprise when results of the city’s 2012 General Valuation Roll are released in late February.

Homeowners in Cape Town must check their new municipal property valuations carefully to ensure they won’t be charged excessive property rates going forward.  The new valuations are being finalised in January and will be sent out in February. Objections to the given valuations can be made, but there is only a short time to do so.

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