n Personal Finance Newsletter - Rates and taxes - the changes : property

Volume 2006, Issue 307
  • ISSN :



Extracted from text ... THE Property Rates Bill (PRB), which was passed in 2003 and will be implemented in 2007, proposes to regulate the rating of properties within a uniform national framework for all municipalities in South Africa. Property owners currently pay assessment rates on the land value of their properties only. The new system of rating will be based on the total market value of properties, both land and improvements, says PROPERTY Rates and taxes - the changes Whether your home is in Soweto or Sandton, Lanseria or Lonehill, property rates and taxes will in future depend on the value of land ..

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