General conditions

General Conditions
The City will not levy a rate on the first part of the value of up to R300 000 of the market value as per the Valuation Roll: R15,000 under MPRA section 17(1) and an additional R285,000. This means that residential property owners will not pay rates on the portion of their property value up to R300 000. The City limits the R300 000 residential rates rebate to your primary residential property only. The City will not grant you the R300 000 residential threshold for the second property; however, it will not levy a rate on the first part of the value up to R15 000 (threshold value) of the market value of the second and every other property. This process is called Section 15 of the MPRA. Section 15 does not apply to other property categories; it only applies to residential properties.

General Conditions

The City will not levy a rate on the first part of the value of up to R300 000 of the market value as per the Valuation Roll:

R15,000 under MPRA section 17(1)
and an additional R285,000.

This means that residential property owners will not pay rates on the portion of their property value up to R300 000.

The City limits the R300 000 residential rates rebate to your primary residential property only. The City will not grant you the R300 000 residential threshold for the second property; however, it will not levy a rate on the first part of the value up to R15 000 (threshold value) of the market value of the second and every other property. This process is called Section 15 of the MPRA.

Section 15 does not apply to other property categories; it only applies to residential properties.