Olivewood Estate Valuation Roll Objections

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