#RatesMustFall: 700% property value shock

Pho3nix said:
Check on the site, it’s an average of the properties in your area or street and what they sold at. Market value average or something.
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Yes, but if you have an old house with large rooms, you get absolutely nailed at double what your property can sell for.

This is some formula that a Grade 3 pupil could have come up with, completely inaccurate and inadequate.

Ironically, if you have an extremely expensive and modern house with a smaller floorspace, the formula will completely undervalue it.
 
Ockie said:
Why dont they rather just work according to the size of the ERF? Flat rate it and just calculate according to the size?
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Oh, "the poor" wont like that one bit, it's definitely not progressive enough.

A flat rate per area might be more palatable to "the poor" though.
 
supersunbird said:
There are services that need to be paid which they cannot get a user pays income from
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Only through lack of imagination, anything can become a value-add service that someone is willing to help fund in order to enjoy the benefits directly.

supersunbird said:
it's not like people love the user pays principle anyway. God, now they have to fence off all parks at added expense.
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Only gibmedats that go through life with cupped hands dislike the principle of a user paying for a service. If a service is worth having there will be a market willing to pay for it. Tax is just an excuse to waste money on shyte nobody wants or needs.
 
There is an online viewer on eservices.joburg.org.za
 
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