Guest: Esteani Marx - Business Development Executive at Lightstone Properties

In South Africa, the general valuation of a property significantly impacts rates and taxes. The municipality compiles a general valuation roll, which includes the market value of all rateable properties. The municipality uses the property's market value to calculate the amount of rates and taxes charged. This value is then multiplied by a rate in the rand (determined by the municipal council) to arrive at the final property rates amount. If the valuation increases, so too will the rates and taxes, and vice versa. City of Tshwane and Ekurhuleni are currently running this process in the month of May and June. Our next guest will help us navigate how the general valuation roll will affect homeowners and what listeners need to know before the deadlines. G20 series with Lerato Tsebe