{"id":56412,"date":"2019-03-08T10:03:43","date_gmt":"2019-03-08T08:03:43","guid":{"rendered":"https:\/\/novanews.co.za\/tygerburger\/steep-rates-increase-expected-20190307\/"},"modified":"2025-03-19T19:19:59","modified_gmt":"2025-03-19T17:19:59","slug":"steep-rates-increase-expected-20190307","status":"publish","type":"post","link":"https:\/\/novanews.co.za\/tygerburger\/steep-rates-increase-expected-20190307\/","title":{"rendered":"Steep rates increase expected"},"content":{"rendered":"\n<div class=\"p\" id=\"U30572249341u4B\">\n<p>The 618 000* rate-paying home owners in Cape Town could be in for a steep property rates hike for 2019, says Sandra Dickson, co-founder of civic action group Stop COCT.<\/p>\n<div class=\"p\">\n<p>Speaking to the newspaper from her office in Brackenfell last week, Dickson explained why.<\/p>\n<div class=\"p\">\n<p>\u201cThe average property value increase of 34% as verified by the City, equates to an average rates increase of 34%, should the   Rate-in-the Rand value of 0.7% remain the same,\u201d she says, adding that this was not well received by members on the organisation\u2019s website group Dear Cape Town.<\/p>\n<div class=\"p\">\n<p>\u201cComments on the group vary, but was mostly negative as some property valuations have almost doubled, but in some cases like in Joostenbergvlakte a decrease was reported,\u201d she said.<\/p>\n<div class=\"p\">\n<p>Moreover, Dickson explained, the City will only determine the Rate-in-the-Rand value, by which the actual rates are calculated in April, after the objection period on valuations close.<\/p>\n<div class=\"p\">\n<p>\u201cIt is highly questionable why the City would be determining the actual rates increase after the objection periods against property valuations had closed, as the Rate-in-the Rand may be changed,\u201d she says.<\/p>\n<div class=\"p\">\n<p>\u201cIf this value is left unchanged, most owners will have an average increase of around the 34% estimate, as mentioned, but if this value changes which is not known at this stage, rates could be even higher.\u201d Therefor, according to Dickson, it is imperative, that this value be made public sooner (before the close of objections) than later.<\/p>\n<div class=\"p\">\n<p>Mayco member for Finance Ian Neilson on Friday, told the <em>TygerBurger<\/em> that the current Rate-in-the-Rand must still be determined, but that a lower rate can be expected to compensate for the overall average increase in property prices across the city.<\/p>\n<div class=\"p\">\n<p>\u201cThe Rate-in-the-Rand will be published with the tabled budget for 2019\/20 that will be put out for public comment after the Council meeting at the end of March 2019,\u201d he said.<\/p>\n<div class=\"p\">The valuation roll is now open for the 875  000 homeowners to peruse and the objection period will end on 29 March.<p><\/p>\n<div class=\"p\">*Figure derived from City\u2019s budget table 2018\/19<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The 618 000* rate-paying home owners in Cape Town could be in for a steep property rates hike for 2019, says Sandra Dickson, co-founder of civic action group Stop 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This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Steep rates increase expected | TygerBurger<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/novanews.co.za\/tygerburger\/steep-rates-increase-expected-20190307\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steep rates increase expected\" \/>\n<meta property=\"og:description\" content=\"The 618 000* rate-paying home owners in Cape Town could be in for a steep property rates hike for 2019, says Sandra Dickson, co-founder of civic action group Stop COCT.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/novanews.co.za\/tygerburger\/steep-rates-increase-expected-20190307\/\" \/>\n<meta property=\"og:site_name\" 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