Rates up after a property revaluation? Object, but do it properly!
“The mere lodging of an objection, however ill-founded, does not trigger an obligation to furnish detailed reasons for the underlying decision relating to the valuation of the property” (extract from judgment below) Your local municipality is entitled to revalue your property (with reference to recent sales of similar properties in your area) at regular intervals. Of course any upward valuation means more money out of your pocket every month because the rates you pay are arrived at by multiplying your property’s municipal valuation with the municipality’s current “rates factor” as set by it in its budgeting process. Municipal valuers must,…