5 Flashcards

1
Q

Functions of a municipal valuer (9)

A
  1. Value all properties in the municipality.according to section 30 (2)
  2. Prepare valuation roll
  3. Sign and certify roll r
  4. Submit valuation roll to municipal manager
  5. Consider and decide an any objections to the valuation roll
  6. Be present for all appeal board meetings
  7. Prepare supplementary valuation roll
  8. Assist municipality in obtaining postal addresses of owners
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2
Q

Qualifications of property valuer and assistant valuer

A
  1. Must be a registered professional valuer or associated valuer according to the property valuer profession act of 2000
  2. Must be part of the south African council of property valuers profession and S.A. Institute of valuers
  3. Not a councilor of the designated municipality either metropolitan district or local
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3
Q

Municipal valuations / mass valuations

A
  1. Valuations done on all rateable immovable property for the purpose of levying assessment rates OR property tax by municipalities all across the country
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4
Q

Purpose of assessment rates

A

Allows the municipality to provide public services without the assistance from provincial and government financial aid and forms 60 to 70% of the total annual budget of the municipality

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5
Q

Types of valuation walls (2)

A

General valuation and supplementary valuation

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6
Q

Gv rules

A
  1. M.p.r.a no. 6 2004 states a gv on all properties in the municipality has to be carried out if the an municipality is intending to levy a rate on a property
  2. The date of the gig must de 12 mouth before the financial year in which it is first implemented..
  3. Must reflect the market value of the property as determined in the terms of the market condition as of the date of the valuation (sec 30)
    4.it is valid for the financial year and more even more as decided by the municipality but not more than 4 years The mec of government ver a province can increase this to 5 if the municipality request in exceptional circumstances or the mec has intervene in the municipality according to the constitution ( sec 32)
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7
Q

When is a supplementary valuation roll necessary

A

When a property was;
1. Incorrectly valued during the last gv roll
2. Included in the mp after the last gv
3.was subdivided and consolidated after the last gv
4. Significantly gained or lost value for any reason after the last gv
5.incorrectly omitted from the last gv
6. For any exceptional reason

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