Abstract
In the last decade, mass valuation system is applied in City of Johannesburg in addition to individual valuation system for rates and taxes. Property valuation in Johannesburg for rating purposes are governed by the Municipal Property Rates Act No.6 of 2004, as amended, the Act provides that all real property shall be valued at marketplace value, which is the price that a property would have sold for in open market between willing parties on the valuation date. Following years of manuals rating procedure. South Africa finally adopted the Computer Assisted Mass Appraisal (CAMA) over 2 decades ago. It employs a technology named Value Assists; however, the potential deliverables of the innovative approach are not realized. The rate of objections to property tax is alarming and continually growing after each general valuation roll. This paper presents a review of the application of CAMA and the present challenges in Johannesburg municipality with a view to chatting the way forward to the adoption of the best practice.
| Original language | English |
|---|---|
| Journal | International Conference on Construction in the 21st Century |
| Publication status | Published - 2019 |
| Externally published | Yes |
| Event | 11th International Conference on Construction in the 21st Century, CITC 2019 - London, United Kingdom Duration: 9 Sept 2019 → 11 Sept 2019 |
Keywords
- Cama
- Mass appraisal. taxation
- Value assist
ASJC Scopus subject areas
- Civil and Structural Engineering
- Building and Construction
- Management of Technology and Innovation
