Response from Ndlambe following the recent valuation and rates meeting in the Kenton Town Hall.
Good day Sir/Madam,
Kindly except my apologies for the delay in sending the official correspondence regarding the matter as seen in the subject heading of this email.
The matter was deliberated on at the Rates and Valuation committee meeting that took place on the 10 August 2023 which resolved that the KOSRA rate payers affected by SV 8 valuation changes be rebated the amount equivalent to the escalation of the rates related to the SV 8 valuation changes for the period from inception of Supplementary valuation Roll 8 up to 30/06/2024 which is the end of the validity period of the current General Valuation Roll.
The Special Council meeting of today approved the minutes and resolutions of the Finance committee meeting held on the 10 August 2023.
Further kindly note the adjustment/credit journals for all affected properties for the period Jan 2023 to June 2023 has been passed as a single amount on each individual account and will reflect on the August 2023 statements. Rate payers of affected properties will note that a 2nd and 3rd Credit Journal has been passed for the July 2023 and August 2023 rebates.
Note that property valuations have not changed, and credit journals are being passed to reduces the current rates charged to the amount it should have been prior to the valuation change. Further notice the reduced billing amount for July 2023 and Aug 2023 will not be exactly the same as Nov 2022 as the yearly increase took place in July 2023.
The rebate credit journals will be passed every month going forward up to June 2024 whereafter the new General valuation roll property value and 2024/2025 rates tariff will be implemented.