The City of Cape Town’s new rates and taxes calculator is up and running.
The City of Cape Town’s General Valuation Roll 2022 is open for public inspection until 30 April 2023 electronically or 31 March 2023 at 30 inspection venues across the city.
The rebate for properties valued under R5 million will increase from R285,000 to R435,000 – a 52% rates relief increase. This is in addition to the statutory R15,000 exemption for all properties, which means the first R450,000 of those residential properties’ values will be exempt from paying rates, said the City of Cape Town
The proposals formed part of a General Valuation policy package. Cape Town’s mayor Geordin Hill-Lewis said the measures aim to ease the pressure on households due to the rising cost of living.
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