Race Course Valuation Roll Objections

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