ASSESSMENT RATES AND REBATES

Category                                            2010/2011 Tariff         2011/2012  Tariff                                           

Agricultural Holdings                           0.004928                     0.005258        

Business                                              0.017248                     0.018404        

Business Sectional Title                      0.017248                     0.018404        

This means for BUSINESS PROPERTY the owner will be assessed for every R100 000,00 Municipal Valuation
R100 000,00 x 0,018404 /12 =  R153,37 per month or R1 533,67 per million per month.

Education                                            0.001232                     0.001314        

Public Benefit                                      0.001232                     0.001314        

Farming land/Property used for          0.004928                     0.001314        

bona fide farming                                                                               

Mining                                                 0.017248                     0.018404        

Multiple purpose                                 0.017248                     0.018404                    

Municipal                                            Not Rateable              

Municipal Rateable                             0.005914                     0.006310        

Public Service Infrastructure               0.001232                     0.001314                    

Religious                                             Not rateable   

Residential                                          0.004928                     0.005258

This means for RESIDENTIAL PROPERTY (WHICH ARE NOT VACANT LAND) the owner will be
assessed Rnil for the first R150 000 and for every R100 000,00 Municipal Valuation thereafter
R100 000,00 x 0,005258 /12 =  R43,82 per month or R438,17 per million per month.

Sectional Title                                     0.004928                     0.005258        

This means for RESIDENTIAL SECTIONAL TITLE PROPERTIES (WHICH ARE NOT VACANT LAND) the owner
will be assessed for every R100 000,00 Municipal Valuation R100 000,00 x 0,005258 /12 less 20% rebate =  R35.05 per month. 
The R150 000,00 Residential rebate does not apply.

State                                                    0.007392                     0.007887          

Vacant                                                 0.019712                     0.021033          

Residential Property with Consent      0.009856                     0.010516          

Use                                                                             

Public service infrastructure                0.001232                     0.001314          

privately owned                                                                                  

Private open spaces                            0.001232                     0.001314          

Rebates:

Residential Value Exclusion  - First R150 000 of value of all residential property to be excluded from rating.                                                                               

Pensioner owners where gross monthly household income is lower than R5 600 - 100%  

Pensioner owners where gross monthly income higher than R5 600 but lower that R 10 300 - 50%

            (Note : Pensioners must apply bi-annial)

            Criteria –         60 years

                                    Maximum value of property – R1,5 mil.

                                    Gross monthly income – R5 600,00

Sectional Title Residential - 20%                               

Heritage Sites  - 20%

Organisations with purpose of Animal Protection - 100%                 

Properties registered in name of institution with exclusive objective youth development programs – 100%.

Primary and Secondary Schools - 50%        

Technical Colleges - 20%                              

Universities and Tertiary Education Facilities - 20%                         

Property Owned by Organisations in terms of the Housing Development Schemes For Retired Persons Act - 50%                                    

Vacant Land subject to conditions - 50%  (Council not able to provide infra structural services during the next financial year.  The owner must apply supported by the technical services departments.)

Private Sports Clubs - 40%               

Inner city redevelopment – (80% residential and 20% business) – 40% (Must apply bi-annual)

Farming land – 55%

            Affidavit before 1 September

            Zoned for agriculture / farming

            Used predominantly for bona fide farming purposes