Local Government: Municipal Property Rates Act, 2004 (Act No. 6 of 2004)

Chapter 4 : General Valuation of Rateable Property

Part 1 : General

31. Date of valuation
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(1)For the purposes of a general valuation, a municipality must determine a date that may not be more than 12 months before the start of the financial year in which the valuation roll is to be first implemented.

 

(2)The general valuation must reflect the market value of properties determined in accordance with—
(a)market conditions which applied as at the date of valuation; and
(b)any other applicable provisions of this Act.