The Overstrand Municipality is aware of a number of individuals that are currently driving the issue of the latest general property valuations and making assumptions that it would result in exorbitant increases in the rates and taxes of individual households.
It is true that property values have increased substantially since the last general valuation of 2015. This was expected judging from the property sales and the prices paid for mentioned properties over this period as valuations are driven by the market.
Although the Municipal Property Rates Act determines that valuation rolls are valid for four years and can be extended for one year, the Municipality also had to contend with Covid, hence the reason for the longer extension.