Property Valuation Guidelines
Market Value means the amount of money that a property would change hands under certain conditions. It is based on the Municipal Property Rates Act, and is the value a property should achieve under the following conditions:
- A willing buyer and willing seller
- Each knowledgeable of all relevant facts
- Not acting under compulsion
- Adequate time to negotiate
- The property must be legally transferable
Common Objection Issues
- Property incorrectly described in terms of extent, improvements, zoning, etc.
- Property values that are inconsistent with similar properties in the area
- Property missing from the valuation roll
- Property incorrectly valued due to special circumstances
Supporting Documentation
To support your objection, consider providing:
- Recent sales of comparable properties in your area
- Professional valuations (not older than 12 months)
- Building plans and certificates
- Photographs of the property
- Evidence of any factors affecting property value
⚠️ Important Notice
All data fields on this form must be completed in full. Omitted data may invalidate your objection. For fields that do not apply to your circumstances, please indicate "Not Applicable (N/A)".
The onus is on the objector to confirm that your objection has been received by the Municipality within the prescribed objection period for validation. Late objections received after the close of the objection period will not be accepted.