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It's Not Inside, It's...22 February, 2008 Ratepayers should not worry that the new valuations on some properties are unsound, just because valuers did not enter the properties to take actual measurements and check renovations, say eThekwini officials. The Head of the Real Estates Unit, Keith Matthias, said valuers had been working on verifying data already in the system for quality purposes and to collect data that was not held. “The municipality already held significant data from its own records systems given that a roll has been in place and we track development change from sources within the municipality, primarily our Development Planning and Management Unit. “We purposely do not use any of a property’s internal finishes in the valuation. It is impossible to get access into every property, and therefore we are not be able to uniformly value properties based on internal finishes,” he said. Matthias stressed that the valuing of properties on a market basis was specifically for rating purposes, and that the residential valuations had been done by using an “internationally recognised statistical modelling process”. Commercial and industrial properties have been individually valued. |
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