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Municipality welcomes postponement of new NMB valuation roll

Home Business Management Finance & Investment Municipality welcomes postponement of new NMB valuation roll

THE Nelson Mandela Bay Municipality has welcomed a provincial government decision to postpone implementation of the municipality’s valuation roll until 2022.

Executive Mayor Nqaba Bhanga said this followed an appeal for a postponement from the municipality to MEC for Cooperative Governance and Traditional Affairs (CoGTA) Xolile Nqatha.

Every four years, in terms of the Municipal Property Rates Act, a general valuation roll of all properties must be conducted by municipalities throughout the country. The last general valuation conducted in Nelson Mandela Bay was in 2017.

“This meant that the new valuation was set to take place again this year, but clearly the economic circumstances now are vastly different due to the disastrous impact of the coronavirus,” Bhanga said.

He added that the postponement was allowed for in terms of the Municipal Property Rates Act. The MEC’s decision means the validity of the 2017 valuation roll has now been extended to 30 June 2022.

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