Victory Park Valuation Roll Objections

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