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Written by: Mandisa Ndlovu
Municipal valuations have a considerable impact on property owners and investors. Understanding how they work and how property taxes are set is critical for anyone involved in the property market and even more so when errors and inconsistencies occur.
Our team of experienced Valuers employs industry-standard methodologies and cutting-edge technology to determine accurate property values. These valuations are essential for local governments to construct fair and equitable property tax systems that ensure property owners contribute their fair amount to local services and infrastructure.
Municipal valuations can also have a substantial impact on real estate investment decisions. Investors analyse aspects such as location, market trends, and growth perspectives when they assess potential properties. This is where the valuation comes in handy, as it will provide the investor with insights into the current value of the properties.
To maintain accurate and up-to-date valuation rolls, we assist municipalities in regularly reviewing and updating property values. In addition to this role, DDP also provides supplementary valuation services. These assessments assist municipalities in identifying property value changes that may occur between the cycles, such as new developments, property upgrades, or land use changes.
Municipalities that work with us may rely on accurate property valuations, encourage fair taxation, and improve their financial planning capacities.