Joburg’s rising property prices signal hike in rates and taxes

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City of Johannesburg's property base has increased 12% in the past five years

The property base of the City of Johannesburg has increased 12% to R1.59-trillion in the past five years, paving the way for possible rate and tax increases for the metro’s 6-million residents.

Residents are already hard-pressed, struggling to recover from the national Covid-19 lockdowns and load-shedding. They have also been complaining strenuously about the council’s poor service delivery...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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