IEASA Update: CPT Rates Budget 2025/26 Demystified - 25 April 2025

IEASA Update: CPT Rates Budget 2025/26 Demystified

Presenter: Debbie Wall - Smith

Host: Annette Evans

Debbie Wall-Smith is a Property Broker, Professional Valuer and a Principal Property Practitioner Debbie has worked in Real Estate for over 33 years with qualifications from a BA Hons, N. Dip in Real Estate and completed the study modules for a MSc Diploma in Property Studies.

The proposed 2025/2026 budget by the city of Cape Town, increases rates by 7,8%, plus three fixed tariffs based on value, resulting in rates increasing from 7,8% to over 20%. Those with solar and boreholes could see increases from 222 to 30%. The information session will include: How the fixed tariffs are calculated on the value bands, how Sectional title water and sewerage will be invoiced.  How to complete the Rates and fixed tariff calculator for single residential property, how to object and what to object to. How the rates will affect property values and the knock on for Capetonians.

The increases are typically between 15% and 20% - which is massive relative to salary increases and pension increases. For a house with a ratable value of R6 million, rates and services (including water and electricity) will cost R1600 MORE every month! It will mean cutting back on other expenses or dipping into savings. We need to tell the CoCT that the proposed budget is not acceptable to us.

What is covered:

How the fixed tariffs are calculated on the value bands, how Sectional title water and sewerage will be invoiced. The fixed tariffs increase rates from 7,8% to over 20%. How to complete the Rates and fixed tariff calculator / how to object and what to object to. How the rates will affect property values and the knock effect for Capetonians.

Plus, the water user fee based on property values. How the proposed rates and fixed tariffs will affect all property owners and property prices ultimately.

How to prevent your property ownership costs from skyrocketing. When / how should these costs be passed on to tenants.

Deadline to object: Friday 2 May 2025

Who should attend:   

Property Practitioners / estate agents and their clients / commercial brokers / managing agents / all property owners, landlords and investors. Sectional Title complex managers/Commercial and residential property practitioners / all those affected by costs of ownership!  We will do a Q&A, so anyone who wants to understand and the Budget / and costs thereof.  

Date: Friday 25 April 2025  

Time: 11h00 - 12h00

Cost: R100 IEASA Members / R150 Non-members and Public

Location: Online Session