Examples of Property Rates Act in a sentence
National Treasury’s MFMA Circular No. 51 deals, inter alia with the implementation of the Municipal Property Rates Act, with the regulations issued by the Department of Co-operative Governance.
This policy is mandated by Section 3 of the Local Government: Municipal Property Rates Act, 2004 (No. 6 of 2004), which specifically provides that a municipality must adopt a Rates Policy.
With the implementation of the Municipal Property Rates Act the basis of rating significantly changed.
In terms of the Municipal Property Rates Act, 2004 the Municipality may levy different rates for different categories of rateable property.
Property rates are levied according to the Municipal Property Rates Act, and property rates policy based on land and improvement values.