Sapoa launches probe into municipal rate hikes
After observing an escalation in municipal costs throughout South Africa, commercial and industrial property sector representative body the South African Property Owners Association (Sapoa) has appointed specialist consultant Rates Watch to research municipal budgets for the coming year.
Sapoa had, in the past, been vocal in challenging the legality of increased municipal rates charged to its members, pointing to rates increases of 23% in the last year and total rates increases of between 43% and 500% over the past five years.
In accordance with the mandate provided by Sapoa, Rates Watch’s investigation would focus on extracting municipal budget information on key property-related costs – such as rates and taxes, electricity and water – in the country’s 11 largest municipalities.
It would also identify, analyse and collect information on relevant municipal policies and legislation, as well as the municipalities’ medium-term revenue and expenditure frameworks.
“Rising municipal rates and taxes is a hot-button issue, and one that negatively affects not only operating costs and gross rentals, but also makes demands on property management resources,” said Sapoa CEO Neil Gopal.
"Our members contribute significantly to the rates base and we believe it to be in the interest of both ourselves and municipalities across South Africa to partner on this matter.”
The organisation had further instructed Rates Watch to analyse sample accounts for commercial and industrial properties worth between R10-million and R1-billion in all 11 municipal areas.
“Our primary goal is to alert our property owner and investor members to changes in property-related municipal costs that could impact [on] them," added Gopal.
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