COCT to reduce rate hikes for properties with greater values
Following public outcry over the City of Cape Town’s (COCT) proposed budget for the upcoming financial year, Mayor Geordin Hill-Lewis says the metro is considering offering greater rate discounts to more pensioners and property owners. Hill-Lewis stated that the City is currently modelling two additional support measures: expanding property rate relief and raising the qualifying income threshold for pensioner rebates beyond the current R22,000 monthly limit. “While the new budget […]
