DA Pretoria Tshwane Caucus: DA Gauteng North Cllrs Attend DA Election Launch!!

Thanks to Dana Wannenburg for the pics!

How Do I Calculate My Property Tax?

There is quite a lot of anxiety about the new property rates taxes that will come into effect on 1 July 2008. However, before you panic we provide you with the formula that the Tshwane Council will use to determine your new monthly property rate tax. Here is what you should do to calculate your property tax.
First, go to http://www.tshwane.gov.za/ to see what your new property valuation is.
Secondly, apply the following formula to calculate your new tax rate.

Your property value - R50 000 X 0,9% - 35% ÷ 12 months = monthly rate

Example for a property valued at R 1 million:
(1000 000 - 50 000) X 0,9% - 35% ÷ 12 = R463,13 per month

We hope that you find this information useful and that it provides certainty about your new property tax rate.

DA Pretoria Tshwane Caucus

Monday, February 9, 2009

DA Gauteng North Cllrs Attend DA Election Launch!!

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