A critical review of the valuation processes of petrol filling stations in terms of the Municipal Property Rates Act 2004

 

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dc.contributor.advisor Cattell, Keith en_ZA
dc.contributor.author Margolius, Jerry en_ZA
dc.date.accessioned 2016-02-08T14:20:47Z
dc.date.available 2016-02-08T14:20:47Z
dc.date.issued 2012 en_ZA
dc.identifier.citation Margolius, J. 2012. A critical review of the valuation processes of petrol filling stations in terms of the Municipal Property Rates Act 2004. University of Cape Town. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/16912
dc.description.abstract In 2004, the Municipal Property Rates Act 6 of 2004 (MPRA) was promulgated which repealed all the Valuation Ordinances that existed in South Africa. This introduced a single piece of legislation for the purposes of conducting municipal valuations. This study concentrated on the Cape Town Metropolitan 2006 General Valuation that, at the time, was the first local authority to conduct municipal valuations in terms of the new legislation. The research explored the extent to which local authorities intervened in the valuation process, the in dependent judgment of property valuers as well as non-co-operation by oil companies during the valuation process, which was evident by them not responding to the survey questions. The manner in which petrol filling stations were valued, the most frequently used methodology applied and the application of the MPRA in the process were explored. The research was supplemented with a survey of property valuers employed by the local authorities as well as in private practices. This culminated in a holistic overview of the shortcomings in the legislation, the methodology and practice by interested parties in arriving at the municipal valuation in order to provide a critical review. From the critical review, the shortcomings in the valuation processes were identified, the methodology was addressed and recommendations made to the local authority. en_ZA
dc.language.iso eng en_ZA
dc.subject.other Valuation methodology en_ZA
dc.subject.other petrol filling stations en_ZA
dc.title A critical review of the valuation processes of petrol filling stations in terms of the Municipal Property Rates Act 2004 en_ZA
dc.type Thesis / Dissertation en_ZA
uct.type.publication Research en_ZA
uct.type.resource Thesis en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Engineering & the Built Environment en_ZA
dc.publisher.department Department of Construction Economics and Management en_ZA
dc.type.qualificationlevel Masters en_ZA
dc.type.qualificationname MPhil en_ZA
uct.type.filetype Text
uct.type.filetype Image


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