n IMFO : Official Journal of the Institute of Municipal Finance Officers - A "proper" municipal valuation
|Article Title||A "proper" municipal valuation|
|© Publisher:||Institute of Municipal Finance Officers (IMFO)|
|Journal||IMFO : Official Journal of the Institute of Municipal Finance Officers|
|Publication Date||Spring 2006|
|Pages||24 - 26|
Extracted from text ... INTRODUCTION Appeals against the award of valuation tenders have been lodged with a Municipality in terms of the Local Government Municipal Systems Act section 62 of 2000 on the grounds that firstly there is an insufficiency of marketrelated data for a "proper" valuation to be executed as sec 45 3a of Act 6 of 2004. Secondly Municipalities are insisting in their tenders that buildings be inspected when this is optional in sec 45 2a. This unfairly discriminates against valuers and CAMA systems which do not use inspections. In this letter I will deal with what is meant by "proper" valuations ..
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