Article Search

 'Big bang' rates shock
    January 29 2008 at 10:49AM Get IOL on your
mobile at m.iol.co.za

By Heinz de Boer

There will be no phasing in of new property rates for local residents, who should brace themselves for what could be massive increases in their bills each month.

Fears that rates could increase by up to 200 percent on some properties were again raised at Monday's executive committee meeting, where the ANC objected to proposals for a phasing in of market-related valuations.

Instead, city manager Michael Sutcliffe said the council would implement the new rates and associated costs in a "big bang" manner.

'This rates act is about equality'
This means that once council has finalised its valuation role and "rand ratage" percentage by July, residents would be expected to start paying what could be double, or even triple what they are paying now.
Continues Below ↓





There will, however, be a period for objections to the new, market-related rates roll, but residents will be expected to pay until their appeals are finalised.

While relatively newly-rated properties in predominately affluent suburbs could see moderate increases, opposition parties claim the poorest of the poor could now be rated out of their homes.

People living in former council flats that were purchased for R20 000, but are now valued at over R200 000, could faced huge financial hurdles, said DA caucus leader John Steenhuisen.

Suburbs that could be badly affected include Chatsworth, Phoenix, Umlazi and KwaMashu.

"We are not calling for a general phasing in, but for the policy to make contingency plans for anomalies, where people may be expected to pay three or four times more than they are now," Steenhuisen said.

"This would provide relief to these people that may otherwise not be able to afford the new rates."

He predicted that Durban would follow Johannesburg's example and set the rate rand-age at 25 cents to the rand.


Continues...


Email StoryPrint Story
BOOKMARK THIS STORY
Social bookmarking allows users to save and categorise a personal collection of bookmarks and share them with others. This is different to using your own browser bookmarks which are available using the menus within your web browser.

Use the links below to share this article on the social bookmarking site of your choice.

Read more about social bookmarking at Wikipedia - Social Bookmarking

muti



Subscribe now to Daily News
     Related Articles
More Development stories

Watch IOLs latest videos on YouTube Join IOLs Facebook page Follow IOL on Twitter





     Online Services

Date Your Destiny
 
I'm a 18 year old woman looking to meet men between the ages of 18 and 20.
 

     More Services

     More Development Stories

     Breaking News      Most Read Stories
      Top News Stories
      Top South Africa Stories
      Top Reads - Yesterday



     Entertainment      Motoring
Michael apologises to Lisa Marie
VIDEO: Cars? Check. The Stig? Check. Eye candy? No
Madonna eyes new toyboy

     Business
Cashing in on Mandela, 20 years after freedom
Toyota South Africa recalls 52 546 vehicles
Honda expands airbag recall as more Toyotas probed
FIRST DRIVES: Hyundai's new 'Tucson' and sexy Sonata
Toyota SA in huge accelerator-pedal recall
Xtra power, Xtra styling for BMW's X5
Classic machines howl at Killarney Historic meeting
Yamaha, Ducati set pace at Sepang

     Travel
Travel beats marriage as top Valentine's gift
The Apartment makes diners feel at home
New vision strikes a chord
Discovering the pleasure of paradise
Spend 11 nights cruising the Med
     Careers
Changing lanes in the career highway
Getting to grips with the transport industry
To be your own boss, believe in yourself first
Salary survey puts unstable economy into the equation
Development of child is key