Rates Policy definition

Rates Policy means the policy on the levying of rates on rateable properties of the Nquthu Municipality, contemplated in chapter 2 of the Municipal Property Rates Act.
Rates Policy means the Kannaland Municipality’s property rates policy adopted by the Council in terms of section 3(1) of the Local Government: Municipal Property Rates Act, 2004.

Examples of Rates Policy in a sentence

  • The implementation of these regulations was done in the previous budget process and the Property Rates Policy of the Municipality has been amended accordingly.

  • With the exception of Government Accounts, assessment rates shall be billed on a monthly basis, and may only be billed annually by prior written agreement, subject to the Rates Policy of the Municipality.

  • 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.

  • The following stipulations in the Property Rates Policy are highlighted: • The first R15 000 of the market value of a property used for residential purposes is excluded from the rate-able value (Section 17(h) of the MPRA).

  • The municipality will adopt By-laws to give effect to the implementation of the Rates Policy and such By-laws may differentiate between different categories of properties and different categories of owners of properties liable for the payment of rates.


More Definitions of Rates Policy

Rates Policy means the City of Cape Town: Rates Policy;
Rates Policy means the City’s Policy formulated in terms of section 3 of the MPRA on the levying of rates on rateable property within its geographical boundaries, as may be amended from time to time;
Rates Policy means the policy adopted and implemented by the council in terms of section 3 of the act.
Rates Policy means the Mbombela Municipal Property Rates Policy adopted in terms of section 3 of the Act
Rates Policy means the Saldanha Bay Municipality: Property Rates Policy;
Rates Policy means a rates policy adopted by the council in terms of section 3 of the Act;
Rates Policy means the Municipality's Property Rates Policy adopted by the Council of the Municipality by a resolution for a specific financial year in terms of Section 3(1) of the Property Rates Act and in terms of this By-Law.