Check the value of your home
CAPETONIANS can keep up with the Joneses online and complain in secret if they think a neighbour’s house is undervalued by the city.
Deputy Mayor Ian Neilson said yesterday the City of Cape Town had finalised its general valuation roll for 2012 and residents had until April 30 to object against the valuation of their own property or their neighbour’s.
The municipality will send out letters at the end of the month to inform property owners of the city’s valuation of their homes or commercial buildings, and from July 1 will charge new property rates based on this evaluation.
Cape Town has valued 815 676 properties with a total value of R913 billion.
The number has increased by 39 925 since the last valuation roll done in 2009.
Neilson said the overall total value of properties in the city has increased by 13 percent in three years.
He would not say by how much the average house value had increased since 2009.
Cape Town’s team of valuers determined the price of each property according to actual sale prices of similar houses in the same area as of July 2012.
Valuations will be published on the city’s website and people can visit 17 sites from Atlantis to Somerset West and Fish Hoek to Kuils River.
Residents can visit the valuation roll online from February 21 at www.capetown.gov.za/propertyvaluationsad