Joburg valuation crisis long in the making

Joburg valuation crisis long in the making

The latest property valuation crisis in the City of Johannesburg has its roots – as Noseweek readers will know – in a dodgy tender contract awarded to the same company that messed up the valuation roll on an unprecedented scale just five years ago.

The city is finalising its 2017 General Valuation Roll, having updated assessments of nearly 900,000 properties. The new valuations, which directly affect property rates, will be effective as of 1 July.

At the time of Noseweek’s going to print Mayor Herman Mashaba stated that 8,000 properties had been over-valued and he had ordered these to be redone. Mashaba blamed the “independent municipal valuer” for the cock-up.

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