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.advisorCattell, Keithen_ZA
dc.contributor.authorMargolius, Jerryen_ZA
dc.date.accessioned2016-02-08T14:20:47Z
dc.date.available2016-02-08T14:20:47Z
dc.date.issued2012en_ZA
dc.description.abstractIn 2004, the Municipal Property Rates Act 6 of 2004 (MPRA) was promulgated which repealed all the Valuation Ordinances that existed in South Africa.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.identifier.apacitationMargolius, J. (2012). <i>A critical review of the valuation processes of petrol filling stations in terms of the Municipal Property Rates Act 2004</i>. (Thesis). University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Construction Economics and Management. Retrieved from http://hdl.handle.net/11427/16912en_ZA
dc.identifier.chicagocitationMargolius, Jerry. <i>"A critical review of the valuation processes of petrol filling stations in terms of the Municipal Property Rates Act 2004."</i> Thesis., University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Construction Economics and Management, 2012. http://hdl.handle.net/11427/16912en_ZA
dc.identifier.citationMargolius, 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.ris TY - Thesis / Dissertation AU - Margolius, Jerry AB - 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. DA - 2012 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2012 T1 - A critical review of the valuation processes of petrol filling stations in terms of the Municipal Property Rates Act 2004 TI - A critical review of the valuation processes of petrol filling stations in terms of the Municipal Property Rates Act 2004 UR - http://hdl.handle.net/11427/16912 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/16912
dc.identifier.vancouvercitationMargolius J. A critical review of the valuation processes of petrol filling stations in terms of the Municipal Property Rates Act 2004. [Thesis]. University of Cape Town ,Faculty of Engineering & the Built Environment ,Department of Construction Economics and Management, 2012 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/16912en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Construction Economics and Managementen_ZA
dc.publisher.facultyFaculty of Engineering and the Built Environment
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherValuation methodologyen_ZA
dc.subject.otherpetrol filling stationsen_ZA
dc.titleA critical review of the valuation processes of petrol filling stations in terms of the Municipal Property Rates Act 2004en_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMPhilen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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