If the City of Johannesburg goes ahead with proposed tariff hikes based on new property valuations, ratepayers could, in effect, be paying three times inflation the inflation rate, warns a rates specialist. | News24_Business
The City of Johannesburg says the total value of its new property valuation roll is 12% more than the current roll.
"If the City of Johannesburg wants to act responsibly towards its ratepayers, it should ensure that its planned increase in property rates is in line with inflation and not way above that due to basing the hike on new increased property valuations," Espach told News24."The city should use an inflation-linked increase in the revenue from property rates and then calculate the tariff 'backward'.
Espach points out that the city indicates in its draft budget that its income from water and electricity is under pressure. Julie Suddaby, the DA's spokesperson on finance for the City of Johannesburg, points out that if there is an increase in the rate on the rand at the time of a general valuation hike, there is an argument for what is called"double dipping".
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