Independent studies have revealed that property rates charged by the DA led city of Cape Town have surged by 98% since 2014 while the average growth in the value of property is 34% since 2014.
This means that the city is charging its Ratepayers three times as much as the value they are accruing!
The result is that many property owners have been forced to sell or rent their properties because they cannot afford to live in their own homes. Ratepayers are being fleeced by the DA.
New rate valuations are due to come into effect in July 2019 which will tighten the stranglehold the city has on working families.
Under this administration Cape Town has become a city which is unaffordable to live in because the DA will not ask township dwellers to pay their fair share for fear of being called racist.
(Source: Cape Party)
Read the original article on Front Nasionaal SA
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