Examples of Municipal Property Rates Act in a sentence
National Treasury’s MFMA Circular No. 51 deals, inter alia with the implementation of the Municipal Property Rates Act, with the regulations issued by the Department of Co-operative Governance.
This policy is mandated by Section 3 of the Local Government: Municipal Property Rates Act, 2004 (No. 6 of 2004), which specifically provides that a municipality must adopt a Rates Policy.
With the implementation of the Municipal Property Rates Act the basis of rating significantly changed.
In terms of the Municipal Property Rates Act, 2004 the Municipality may levy different rates for different categories of rateable property.
Property rates are levied according to the Municipal Property Rates Act, and property rates policy based on land and improvement values.
The Council adheres to all requirements of the Municipal Property Rates Act (MPRA) and Municipal Finance Management Act (MFMA) including any regulations promulgated in terms of these Acts.
That the interest rate on overdue amounts on property rates be charged at prime rate plus one (1%) percent in terms of the Municipal Property Rates Act, 2004.
The aim of this reserve is to ensure sufficient cash resources are available to undertake a General Valuation as per the Municipal Property Rates Act.
When referred to a Section within the Policy it refers to the Municipal Property Rates Act unless otherwise stipulated.
In terms of section 4(1)(c)(ii) of the Local Government: Municipal Systems Act, 2000 (Act 32 of 2000), read with section 2 of the said Local Government Municipal Property Rates Act, the municipality has the right to finance the affairs of the municipality by imposing, inter-alia, rates on property.