The City of Johannesburg says the total value of its new property valuation roll is 12% more than the current roll.
"If the City of Johannesburg wants to act responsibly towards its ratepayers, it should ensure that its planned increase in property rates is in line with inflation and not way above that due to basing the hike on new increased property valuations," Espach told News24."The city should use an inflation-linked increase in the revenue from property rates and then calculate the tariff 'backward'.
Espach points out that the city indicates in its draft budget that its income from water and electricity is under pressure. Julie Suddaby, the DA's spokesperson on finance for the City of Johannesburg, points out that if there is an increase in the rate on the rand at the time of a general valuation hike, there is an argument for what is called"double dipping".
_Business This is really outrageous. What is happening in SA? I am a new homeowner and the repo rate has been going up since last year. This is so disturbing.
_Business TGH that is daylight robbery.... In our area municipal valuations is almost double from the bank valuations.... Wonder what the qualifications is of the people doing the valuations at municipalities.....
_Business What do u mean could? I got a latter already.
_Business Fix the typo, it's annoying.
_Business Where should we find the funds to pay these bills?