New Obsid levies

[Brian Amery]

The council has published the levies for the new financial year starting on July 1st.

The Obsid's budget has been increased by 8%, but as a result of the new valuations kicking in the new levies have dropped as follows:

  Residential   This year .001211  Next year .001119
  Commercial  This year .001556  Next year .001379

I have not received the new valuations yet as they have not been finalised but it appears that there was some growth in commercial values and a lesser growth in residential values. I will publicise the totals when I get them in due course.

Previously the arithmetic was easy, for a R1m house you paid R100 per month. Now for a R1m house you will pay R93.25 per month, but the likelihood is that your valuation will have gone up.

So the maths is: take your valuation (say R1,234,567) multiply by .001119 and divide by 12 = R115.12 monthly levy.

--
Brian Amery, COO
Observatory Improvement District

41 Station Road
Observatory
021 448 7090