Property valuations sky rocket, Joburg residents outraged

Johannesburg residents have expressed outrage at the increase in their property valuations. The higher the valuation, the higher your rates will be. In some cases, valuations have shot up by 5000% a daily newspaper reported on its front page.

The City of Johannesburg has released a statement explaining the mayor will be reviewing some 8000 cases where those property valuations will be brought down.

Speaking to Ray White on The Midday Report, spokesperson to the Gauteng Premier, Phumla Sekhonyane said it is concerning especially with the weak economic environment that the country is currently experiencing.

The Premier mentioned that prices of food are going high, electricity, transport are skyrocketing so adding another rate hike will put enormous strain on family finances.

Phumla Sekhonyane, Gauteng Premier spokesperson.

She says the premier's office wishes to engage the mayor about the issue and have requested an urgent meeting.

And say please can the Council listen to the reactions of the ratepayers when they finally make a decision on the final valuations.

Listen below for the full interview on what the Gauteng Premier intends to do:


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