{"id":54530,"date":"2026-03-31T17:53:43","date_gmt":"2026-03-31T17:53:43","guid":{"rendered":"https:\/\/eduzim.co.zw\/news\/?p=54530"},"modified":"2026-03-31T17:53:43","modified_gmt":"2026-03-31T17:53:43","slug":"60-of-homes-in-cape-town-to-enjoy-property-rates-decrease","status":"publish","type":"post","link":"https:\/\/eduzim.co.zw\/news\/2026\/03\/31\/60-of-homes-in-cape-town-to-enjoy-property-rates-decrease\/","title":{"rendered":"60% of homes in Cape Town to enjoy property rates decrease"},"content":{"rendered":"<p> <script data-jetpack-boost=\"ignore\" async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1669381584671856\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- Africa tv video display -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-1669381584671856\"\r\n     data-ad-slot=\"3579572842\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script data-jetpack-boost=\"ignore\">\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p>Around 60% of Cape Town households could see their <strong>property rates drop or stay the same<\/strong>, even though property values have increased.<\/p>\n<p>Mayor Geordin Hill-Lewis announced the proposal while tabling the City\u2019s draft 2026\/27 \u201cCity of Hope\u201d Budget on Tuesday.<\/p>\n<p>The relief comes through several measures aimed at protecting ratepayers from the impact of the latest municipal property valuation.<\/p>\n<p>\u201cThese measures ensure that around 60% of households will actually experience no change at all or a small decrease in rates, even though their property value has risen,\u201d Hill-Lewis said.<\/p>\n<p><em>*The City draft budget has also allocated R653 million for \u2018congestion relief.\u2019 Read more below\u2026*<\/em><\/p>\n<p>\n\t\t\t\t\t\t\t        <iframe title=\"bj_embed\" class=\"dx-embed\" id=\"dxIframe-0\" style=\"width: 100%\"><\/iframe><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-property-rates-formula-reduced\">Property rates formula reduced<\/h2>\n<p>The City plans to cut the property rates formula by 10.2%, known as the \u201crate-in-the-rand.\u201d<\/p>\n<p>However, actual bills will still vary depending on how much a property\u2019s municipal valuation has increased.<\/p>\n<p>The draft budget also increases the rates-free portion of property value <strong>from R450 000 to R500 000<\/strong>.<\/p>\n<p>This benefit would now apply to homes valued at <strong>up to R8 million, up from R7 million<\/strong>.<\/p>\n<p>The City has also adjusted property value bands for fixed charges. This is meant to reduce the number of homes that move into higher billing brackets after the new valuation.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-more-relief-for-lower-income-households\">More relief for lower-income households<\/h2>\n<p>The draft budget also expands support for lower-income households.<\/p>\n<p>A <strong>100% rebate for water<\/strong>, sanitation and city-wide cleaning will apply to homes valued up to R620 000, up from R500 000.<\/p>\n<p>A full rebate for refuse collection will apply to homes worth up to R580 000, up from R450 000.<\/p>\n<p>More pensioners and social grant recipients will benefit from rates rebates and lifeline electricity due to the raised upper qualifying limit in 2025\/26, <strong>from R22 000 to R27 000 total monthly household income<\/strong>, regardless of property value, SA\u2019s highest threshold.<\/p>\n<p>The proposed tariff increases include:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Water and sanitation: 4,5%<\/strong><\/li>\n<li><strong>Refuse collection: 3,75%<\/strong><\/li>\n<li><strong>City-wide cleaning: 3,75%<\/strong><\/li>\n<li><strong>Electricity: 6,67% on average<\/strong><\/li>\n<\/ul>\n<p>The electricity increase is <strong>2.34 percentage points lower than Eskom\u2019s 9.01%<\/strong> increase to municipalities.<\/p>\n<p>The draft budget remains open for public comment until 30 April.\u00a0Click here\u00a0for details on how to have your say.<\/p>\n<\/div>\n<p><script data-jetpack-boost=\"ignore\" async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-1669381584671856\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- Africa tv video display -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-1669381584671856\"\r\n     data-ad-slot=\"3579572842\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script data-jetpack-boost=\"ignore\">\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n#homes #Cape #Town #enjoy #property #rates #decrease<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Around 60% of Cape Town households could see their property rates drop or stay the same, even though property values&hellip;<\/p>\n","protected":false},"author":1,"featured_media":54531,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"class_list":["post-54530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mzansi"],"_links":{"self":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/54530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/comments?post=54530"}],"version-history":[{"count":1,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/54530\/revisions"}],"predecessor-version":[{"id":54532,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/posts\/54530\/revisions\/54532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/media\/54531"}],"wp:attachment":[{"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/media?parent=54530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/categories?post=54530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eduzim.co.zw\/news\/wp-json\/wp\/v2\/tags?post=54530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}