The City has completed the General Valuation for 2015.
Property owners will soon receive an official notice in the post or via e-mail, advising
them of the 2015 valuation of their property/properties. This is the first year that the total valuation of all rateable properties has passed the trillion rand mark in value.
The City’s latest general valuation shows that the total valuation of all rateable properties has increased from R911 billion in 2012 to R1 156 billion in 2015. Property owners would therefore be encouraged to see that their property investment is still increasing in value in most areas in Cape Town.
In total there are 845 764 rateable properties on the General Valuation Roll (GVR) for 2015. The largest portion of properties comprises residential properties (719 681). It also includes, among others, 31 296 commercial properties.
The General Valuation (GV) for 2015 was signed off by the Municipal Valuer on 29 January 2016. It was published on 19 February 2016. Property owners will also be able to view the latest GVR for 2015 by visiting www.capetown.gov.za/propertyvaluations.