Property valuation roll almost ready

THE general revaluation of all rateable properties in the municipal area of Windhoek that started in January last year is almost complete.

The provisional valuation roll should be advertised from July 14. The valuation court is expected to sit as from August 21 to hear objections and the new roll is then scheduled to come into effect on September 1.On Wednesday night, the City Council agreed to appoint quantity surveyor Iyaloo Nangolo from Jordaan Oosthuizen Construction Management to the valuation court.Nangolo served on the last valuation court.According to law, the valuation courts must consist of a magistrate of the district, a member appointed by the Local Government Minister and a member appointed by the local authority, but may not be a council member.Generally a valuer and a quantity surveyor are chosen as members.This is in order for the valuer to assist the valuation court in confirming or arriving at correct site values and for the quantity surveyor to assist the valuation court to arrive at the correct estimated replacement costs of the improvements.In terms of the Local Authorities Act, the valuation of each rateable property must be determined according to the market value of the site and the replacement cost of the improvements of that site.The replacement value must be adapted in terms of the amount of the accumulated depreciation.The valuation court is expected to sit as from August 21 to hear objections and the new roll is then scheduled to come into effect on September 1.On Wednesday night, the City Council agreed to appoint quantity surveyor Iyaloo Nangolo from Jordaan Oosthuizen Construction Management to the valuation court.Nangolo served on the last valuation court.According to law, the valuation courts must consist of a magistrate of the district, a member appointed by the Local Government Minister and a member appointed by the local authority, but may not be a council member.Generally a valuer and a quantity surveyor are chosen as members.This is in order for the valuer to assist the valuation court in confirming or arriving at correct site values and for the quantity surveyor to assist the valuation court to arrive at the correct estimated replacement costs of the improvements.In terms of the Local Authorities Act, the valuation of each rateable property must be determined according to the market value of the site and the replacement cost of the improvements of that site.The replacement value must be adapted in terms of the amount of the accumulated depreciation.