n IMFO : Official Journal of the Institute of Municipal Finance Officers - Teething troubles of the Property Rates Act : benefits taxes to the rescue
|Article Title||Teething troubles of the Property Rates Act : benefits taxes to the rescue|
|© Publisher:||Institute of Municipal Finance Officers (IMFO)|
|Journal||IMFO : Official Journal of the Institute of Municipal Finance Officers|
|Publication Date||Spring 2005|
Extracted from text ... IMFO Spring 05 22 There are a number of teething troubles afflicting the new Rates Act. For instance, Knysna Municipality has aborted its tender enquiry for a general valuation and will instead replace it with a proposal call. Others face legal challenges because they do not yet have rates policies in place or if they do, these are flawed. The principle problem appears to be that municipalities are slow in understanding that the new Property Rates Act marks the end of traditional valuation methods, including regression analysis, where ratepayers with the biggest houses in a suburb contributed more to ..
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