Discovery Valuation Roll Objections

JOBURG ACCOUNT QUERIES are your service providers to advise you on the Valuation Roll and objections thereto on Discovery properties.
In early 2018, the Valuation Roll of the COJ will be published for each property and Sectional Title in Discovery. Every property in Discovery will be issued with a value and a category. This will determine the Assessment Rate debits in Discovery for the next 5 years.
It is therefore important that you make sure about the correct value and category as, often, incorrect debits can not be retrospectively corrected in Discovery.
It is therefore important that you request a short opinion where the following questions must be answered in Discovery:
1. What is the use of the property in Discovery.
2. What is the category of the property per the Valuation Roll in Discovery.
3. What do you say is the value of the property as at 1 July 2017 in Discovery. The following guide lines may be helpful in Discovery:
3.1 What will your selling price be if you sell the property in Discovery.
3.2 What were the last selling price of the property and what as the date of sale in Discovery.
3.3 What were the selling prices of neighboring properties and how do they compare to your properties in Discovery.
4. Commercial properties in Discovery are valued on
4.1 comparative sales in Discovery;
4.2 rental income, less maintenance costs, agents commission and a factor for vacancy multiplied by a return on capital factor;
4.3 development costs.
The Account Specialists of DISCOVERY ACCOUNT QUERIES can assist you to advise you on your property valuation or refer you to a registered valuator.