Inflated property valuations put Joburg residents at risk: City’s appeals process questioned
Update: 2024-11-14
Description
As Johannesburg battles financial pressures, property owners are increasingly burdened by inflated valuations that impact their municipal rates. In an interview with Alec Hogg, BizNews community members Rene Kilner and Charles Boles unpacked the city’s flawed valuation appeals process, detailing its significant repercussions for residents, particularly pensioners. Despite attempts to appeal these skyrocketing valuations, both Kilner and Boles reveal that the system appears heavily skewed in favor of municipal revenue generation, leaving many property owners with few options but costly litigation.
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