{"id":96154,"date":"2026-02-20T18:33:01","date_gmt":"2026-02-20T18:33:01","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/coct-set-to-lower-property-rates-formula-by-10-2"},"modified":"2026-02-20T19:24:12","modified_gmt":"2026-02-20T19:24:12","slug":"coct-set-to-lower-property-rates-formula-by-10-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/coct-set-to-lower-property-rates-formula-by-10-2","title":{"rendered":"CoCT set to lower property rates formula by 10.2%"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>The City of Cape Town is set to propose a 10.2% rate-in-rand decrease in rates for residential properties following general property valuations for the previous year.<\/p>\n<p>Cape Town Mayor Geordin Hill-Lewis said the city&#8217;s rate-in-the-rand, the formula used to calculate property rates, was already the lowest in South Africa but it is set to drop even further after healthy property value growth in the latest valuation.<\/p>\n<p>&#8220;With this decrease, it means that over 60% of Cape Town homeowners will experience a rates decrease or no change in rates following this general valuation,&#8221; the mayor said.<\/p>\n<p>The mayor said rates benefits were also on the cards for middle-class homes.<\/p>\n<p>&#8220;Rates benefits will also be extended to more middle-class homes to shield the large majority of homeowners with very low rates increases, despite their property showing strong value growth,&#8221; Hill-Lewis said.<\/p>\n<p>He said the lower rate-in-the-rand was among several proposed measures to help keep property rates increases to a minimum for owners in Cape Town.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. The City of Cape Town is set to propose a 10.2% rate-in-rand decrease in rates for residential properties following general property valuations for the previous year. Cape Town Mayor Geordin Hill-Lewis said the city&#8217;s rate-in-the-rand, the formula used to calculate property rates, was already the lowest in South Africa but it is [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":96153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-96154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CoCT set to lower property rates formula by 10.2% - South Africa<\/title>\n<meta name=\"description\" content=\"The City of Cape Town is set to propose a 10.2% rate-in-rand decrease in rates for residential properties following gene ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coct-set-to-lower-property-rates-formula-by-10-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CoCT set to lower property rates formula by 10.2%\" \/>\n<meta property=\"og:description\" content=\"The City of Cape Town is set to propose a 10.2% rate-in-rand decrease in rates for residential properties following gene ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coct-set-to-lower-property-rates-formula-by-10-2\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-20T18:33:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-20T19:24:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/02\/sm_1771602825.719462.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coct-set-to-lower-property-rates-formula-by-10-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coct-set-to-lower-property-rates-formula-by-10-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CoCT set to lower property rates formula by 10.2%\",\"datePublished\":\"2026-02-20T18:33:01+00:00\",\"dateModified\":\"2026-02-20T19:24:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coct-set-to-lower-property-rates-formula-by-10-2\"},\"wordCount\":182,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coct-set-to-lower-property-rates-formula-by-10-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/02\/sm_1771602825.719462.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coct-set-to-lower-property-rates-formula-by-10-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coct-set-to-lower-property-rates-formula-by-10-2\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/coct-set-to-lower-property-rates-formula-by-10-2\",\"name\":\"CoCT set to lower property rates formula by 10.2% - 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