Tshwane coalition govt pushes back on DA calls for properties worth R450k and less to be exempt from paying rates
While the city is currently mulling raising the threshold, proposals in the current draft budget have limited the exemption to R250,000 from the existing R150,000.
Earlier on Thursday, Tshwane Finance MMC Eugene Modise delivered the capital's budget speech during a special council meeting in Pretoria.
ALSO READ:
• Tshwane Municipality wants to revive Wonderboom Airport
• National Treasury endorses City of Tshwane budget
• Tshwane DA calls for review of city's budget to lessen tax burden on residents
After electricity, property rates are the Tshwane Municipality's biggest revenue generator.
The city's new general valuation roll, which comes into effect on 1 July, will see the city's rateable property book increase by almost 25 percent.
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