Zuma signs Municipal Property Rates Amendment Act

South Africa’s President Jacob Zuma has signed into law the Local Government Municipal Property Rates Amendment Act.

President Zuma
President Zuma

The Act seeks to regulate the categories of property in respect of which rates may be levied.
It also looks at regulating the time frames of publication of the resolutions levying rates and what must be contained in the promulgated resolution.
It provide for the exclusion from the rates of certain categories of public service infrastructure.
The Act also gives powers to a municipality to levy different rates on vacant land and power to the MEC of Local Government to extend the period of validity of a valuation roll by additional two years.
Core Surf
According to the Presidency,  it amends the dates on which a supplementary valuation takes effect and Address the problems that have been experienced in the implementation of the Local Government: Municipal Property Rates Act, 2004.
To read more, click here

Article continues below...