Property Rates and Property Rates Policy (1 July 2024)
Property Rates and Property Rates Policy (1 July 2024)
Mangaung Metropolitan Municipality in terms of section 14(3) (b) of the Local Government: Municipal Property Rates Act of 2004 (Act 6 of 2004) hereby notify all the rate payers owing properties within the jurisdiction of Mangaung Metropolitan Municipality that the Council meeting held on 31 May 2024 has passed a resolution on the levying of rates on properties; and the resolution is available at the Municipality’s Bram Fischer Building and satellite offices and libraries for public inspection during office hours and, the copy of the resolution is also available on the municipality’s official website: www.mangaung.co.za
The Council resolution on levying of rates shall be available for inspection from 11 June 2024 until 31 August 2024 during office hours 07:45 to 16:15.
The objectives of this policy are to ensure that:
a. All ratepayers within a specific category are treated equally and reasonably;
b. Rates are levied in accordance with the market value of the property;
c. The rate will be based on the value of all rateable property and the amount required by Council to fund expenditure of rates related services reflected in the operational budget, taking into account any surpluses generated from Council services and the amounts required to finance exemptions, reductions and rebates that the municipality may approve from time to time;
d. To optimally safeguard the income base of the municipality by only approving exemptions, reductions and rebates that is reasonable and affordable.
S More – City Manager