Another COJ shocker (if you own multiple properties)

[zerocool2009]

So this morning I received my newest rates and taxes.

And boy, was I in for a surprise.

If you own more than 2 properties, your rates went up, and more than 100%.

Drove to COJ, they just smiled and said, time to sell hey!

Its crazy what we became! (or rather, how a basic charge is now doubled and more).

Well, the up side, SARS will love me for my losses! (I will just blame COJ) !

 

[Smiggles]

First world problems

 

[B-1]

There isn't much use in investing in SA. Just move it offshore like they obviously want based on all of the dodgy laws and regulations.

 

[RedViking]

Nice stuff is not free. Stop moaning.

 

[RedViking]

There isn't much use in investing in SA. Just move it offshore like they obviously want based on all of the dodgy laws and regulations.

Will pay 10 times more overseas. This is what OP is moaning about. This is a third world country, not a first world country. But no, you mos need a Visa for Cape Town.

 

[zerocool2009]

This will actually stop property investment in its tracks!

 

[epah]

R1000 extra per month wont stop Europeans from buying.

 

[Pegging]

R1000 extra per month wont stop Europeans from buying.

Then rates will continue to increase until they stop.

 

[zerocool2009]

A basic example : June 2025 -> R1180.38 ....

And then July 2025 ..... wait .... wait .... R2325.04

 

[SHL]

So this morning I received my newest rates and taxes.

And boy, was I in for a surprise.

If you own more than 2 properties, your rates went up, and more than 100%.

Drove to COJ, they just smiled and said, time to sell hey!

Its crazy what we became! (or rather, how a basic charge is now doubled and more).

Well, the up side, SARS will love me for my losses! (I will just blame COJ) !

 

[Hemi300c]

And what do you get for that money...............zip but destruction and junk.

 

[zerocool2009]

Look, I thought the eskom and solar thing was a fight coming. This is on another level!

 

[Bewlen]

Based on what? New promulgation, new bylaw... anything?

 

[epah]

Then rates will continue to increase until they stop.

Chump change if the rates are increasing in Rands and not Euros/Dollars.

 

[Neuk_]

Adding a tax on top of a tax because you have two taxes already is simply another tax on the 'rich'.

 

[zerocool2009]

Its for sure a new bylaw in COJ (if you own more than 2 properties)

 

[Lupus]

Look, I thought the eskom and solar thing was a fight coming. This is on another level!

But you're CoJ why would you fight Eskom? Don't you pay City Power?

 

[Nerfherder]

This will actually stop property investment in its tracks!

Perhaps people can afford houses then...

 

[Koos Custodiet]

A basic example : June 2025 -> R1180.38 ....

And then July 2025 ..... wait .... wait .... R2325.04

CoCT does that to us single property owners hey.

 

[zerocool2009]

But you're CoJ why would you fight Eskom? Don't you pay City Power?

How I now feel, it boils down to the same thing. Load levies galore on solar users!

This is rates and taxes. Nothing todo with power or water