Mashaba to intervene on behalf of Property Owners
7 March 2018
Following engagements between the City and the Independent Municipal Valuer, I am pleased to announce that 8000 property owners will begin receiving Section 78 Notices for properties that appear to be over-valued.
This process now means that the owners of these 8000 properties will begin receiving, from next week, Section 78 Notices which will provide revised valuations. The notices will also make provision for a 30 day period during which property owners can provide relevant information to be taken into further account during the review process. These properties will be placed on the Supplementary Valuation Roll.
In cases such as this, the City must assume the burden to address the problematic valuations before the implementation date on 1 July 2018. This differs from the conventional objections process which places the burden on account holders to object to the valuation and motivate for its adjustment.
These 8000 valuations, which have been identified as problematic, have experienced considerable increases, many over 100% which have been profiled in the public since last week.