Richmond Valuation Roll Objections

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