Municipal Property Rates Act (No 6 2004)
This Act regulates the power of a municipality to impose rates on properties, makes provision for fair and equitable valuation methods and aims to ensure that municipalities implement a transparent and fair system of exemptions, reductions and rebates.
The Act also sets out the way in which people way object and appeal against their property valuation.
Importantly, the Act changes the way in which sectional title properties are rated: registered sectional title sections (such as flats, apartments or offices) are now valued and rated individually. Formerly, the City would serve one rates bill on the Body Corporate or Sectional Title Scheme, which would then recover the costs through levies.
Body Corporate or Sectional Title Scheme managers still require owners to pay levies, but these no longer include municipal rates.
Download the Act:
The Municipal Property Rates Act No. 6 (2004)