Oriental Plaza Valuation Roll Objections

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