Property rates definition
Property rates means the actual amount of money to be paid by a rateable owner as tax on their property based on valuation and area;
Property rates means the actual amount of money levied on rate payer on their property based on valuation and area. As long as the property is a running concern notwithstanding whether the land is a lease or freehold;
Property rates means a Cent amount in the Rand levied on the market value of immovable property (that is, land and buildings).
Examples of Property rates in a sentence
Party B shall set and apply in the Property rates for the repair, maintenance and other special services for the self-used parts and equipment in premises of owners in a reasonable and open manner.
The public charges shall include but shall not be limited to, ground rent, lease rent, Property rates, water bills, taxes levied on the Property before this sale and any other local government fees charged on the premises.
Any increases in the Property rates and taxes, CID Levy, Business Improvement District Levy and/or Operating Costs will be passed on to the Lessee with effect from the date when the Property rates and taxes, CID Levy, Business Improvement District Levy and/or Operating Costs are increased.