Valuation roll 2022: cape town’s property values soaring high, don’t let your wallet fly!

So, you want to know about the new property valuations in South Africa? Well, let me tell you, it’s a real hoot! The City of Cape Town just released their latest Valuation Roll for 2022, and it’s causing a stir. Apparently, the value of most properties has gone up considerably.

It just goes to show that real estate is the gift that keeps on giving!

But hold on a second, what does this mean for you, you ask? If you’re looking to sell your property, it’s a great starting point to get an idea of what you could get for it. And if you’re planning on sticking around, the valuation will determine how much you’ll be paying in rates for the next four years. So, it’s kind of a big deal.

Now, you might be thinking, “Why should I care? It’s just a few bucks.” But trust us, those few bucks can really add up.

The amount you pay is based on the value of your property, including any buildings or improvements you’ve made.
But here’s the thing: the City of Cape Town doesn’t look at each property individually. They take a blanket approach based on previous valuations, property size, and area.

And let’s be real, they tend to overvalue properties to maximize rates. Sneaky, right?

That’s why it’s essential to get your property valued by a realtor. They’ll come out to your property, take a look at it individually, compare it to recent sales in the area, and determine what’s market-related to make an accurate valuation. And if you don’t agree with the City of Cape Town’s valuation, you can object and have it adjusted. Cha-ching!

We are ready to ROCK-ET your world and put more $$$ in your pocket. Get a FREE VALUATION. Contact us today.

But don’t wait too long to object. You only have until April 30, 2023, to make your case.

After that, you’re stuck with the rates for the next four years. And let’s be real, who wants to pay more than they have to? Not us! Just imagine what you could do with that extra cash. Maybe you could finally buy that fancy coffee machine you’ve had your eye on, or treat yourself to a spa day. Or, if you’re feeling really generous, you could donate it to a good cause.

So, there you have it. Property valuations might not be the most exciting topic, but they’re definitely worth paying attention to. After all, as the saying goes,

“death and taxes may be certain, but you can always try to pay less of the latter!”