n Local Government Bulletin - Property rates - latest developments
|Article Title||Property rates - latest developments|
|© Publisher:||Dullah Omar Institute|
|Journal||Local Government Bulletin|
|Author||Jaap De Visser and Douglas Singiza|
|Publication Date||Jun 2010|
|Pages||14 - 16|
Property rates, as a form of tax imposed on the market value of land and buildings, are the key source of revenue for municipalities. The framework for the imposition of property rates is carefully regulated by the Municipal Property Rates Act (Act 6 of 2004) (MPRA), which provides municipalities with a measure of discretion in determining and levying property rates in a localised context. The imposition of property rates is, however, subject to national limits or maximums. This article discusses some recent developments with regard to these maximums (ratios), as well as the suggested amendments to the MPRA.
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