Real Estate Investor Magazine South Africa November 2015 | Page 37

object to the valuation appearing thereon if you are still
unhappy that it is not market related as at 1 July 2012.
Property owners are reminded that this is not a
current general valuation. The City is now currently
busy with the GV2015 valuation, which will be based
on values as at 1 JULY 2015. The GV2015 valuation
roll is likely to be published in or about January 2016
and new valuations, which will become effective as at
1 July 2016 will appear thereon. You may object to the
valuation should it not represent the market value of
your property. This is a separate process to the review
process for supplementary valuations, which will
continue to periodically take place
We are of the opinion that the review valuation
should be well motivated as there is no interim process
for appeal until the valuation is entered onto the
Supplementary Valuation Roll.

RESOURCES
www.appraise.co.za
www.reimag.co.za