A general valuation roll is determined and produced every four years, as
stipulated within the Municipal Property Rates Act (MPRA) No 6 of 2004 as
amended.
The Theewaterskloof Municipality was granted a 1 year extension by the MEC for
Local Government. The municipality's current valuation roll was implemented with
effect from 1 July 2023. As a result of the extension of 1 year granted by the
MEC for Local Government, the municipality will implement its next general valuation
roll on 1 July 2028.
General Valuation (GV) 2023 was implemented on 1 July 2023, and it forms
the assessment rates base for the Theewaterskloof Municipality during its period of
validity. The GV 2023 will be
valid until 30 June 2028. The next GV 2028 will be implemented as at 1 July
2028 with the valuation date being 1 July 2028.
Section 78 of the Municipal Property Rates Act 6 of 2004 as amended,
requires that the valuation roll be updated on a regular basis when changes
take place to property. These valuations are called supplementary valuations
and must be compiled and published at least once a year in a Supplementary
Valuation Roll.
Supplementary valuations are done, amongst others, for the following
reasons:
- Properties omitted from the Valuation Roll
- Included in a municipality after the last general valuation;
- Subdivided or consolidated after the last general valuation;
- New property registrations;
- Subsequent property developments or amendments;
- Properties that were incorrectly valued during the last General Valuation Roll;
- Where property categories have changed.