Ngema Valuation Roll Objections

JOBURG ACCOUNT QUERIES are your service providers to advise you on the Valuation Roll and objections thereto on Ngema properties.
In early 2018, the Valuation Roll of the COJ will be published for each property and Sectional Title in Ngema. Every property in Ngema will be issued with a value and a category. This will determine the Assessment Rate debits in Ngema 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 Ngema.
It is therefore important that you request a short opinion where the following questions must be answered in Ngema:
1. What is the use of the property in Ngema.
2. What is the category of the property per the Valuation Roll in Ngema.
3. What do you say is the value of the property as at 1 July 2017 in Ngema. The following guide lines may be helpful in Ngema:
3.1 What will your selling price be if you sell the property in Ngema.
3.2 What were the last selling price of the property and what as the date of sale in Ngema.
3.3 What were the selling prices of neighboring properties and how do they compare to your properties in Ngema.
4. Commercial properties in Ngema are valued on
4.1 comparative sales in Ngema;
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 NGEMA ACCOUNT QUERIES can assist you to advise you on your property valuation or refer you to a registered valuator.