Liability for Rates and Valuation of Properties

Front

Who is liable for the rates levied on a property?

Back

The owner of the property is liable for the rates.

Front

What is the liability of joint owners for property rates?

Back

Joint owners are jointly and severally liable for the amount due.

Front

Can rates on a sectional title unit be recovered from the body corporate?

Back

No, rates on a sectional title unit may not be recovered from the body corporate.

Front

How often are rates payable?

Back

Rates are payable either monthly or annually.

Front

What must the municipality provide to each person liable for property rates?

Back

A written account specifying the amount due, the date for payment, method of calculating the rates, market value, and discounts or rebates.

Front

What can a municipality do if an amount due is unpaid by the property owner?

Back

The municipality may recover the amount from a tenant, limited to the amount of rent due.

Front

What is the maximum period a valuation roll remains valid?

Back

A valuation roll remains valid for a maximum period of 4 years.

Front

Who is responsible for the valuation of all properties in a municipality?

Back

The municipal valuer is responsible for the valuation of all properties.

Front

What must a municipal valuer disclose?

Back

Any interest in a property in the municipality.

Front

What is the market value of a property?

Back

The amount that would be realized if the property was sold on the date of valuation in the open market.