Transcription of Rates and You - Durban
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Rates and You - Durban
Rates AND YOU What are Rates ? Under local government law, everyone who owns a property must pay a local government tax. This tax is called Rates . Who has to pay Rates ? Anyone who owns a property must pay Rates . In the same way that you pay VAT on the goods you buy in the shops, Rates are a tax on property. Do I have to pay Rates if I have a bond because I am still paying for my house? Yes, you must still pay Rates . Every property owner must pay Rates If I rent my house, must I pay Rates ? No. But your landlord, the person who owns the house, must pay Rates If I have a business property, must I pay Rates on that too? Yes, Rates must be paid on both businesses and private houses. Who collects the money that is paid in Rates ? Your local council collects the Rates money. What does the local council do with the money collected for Rates ? Money paid for Rates is used for development projects - such as the building of sports stadiums, swimming pools, parks, libraries and museums, local roads and other things which are used by the whole community.
RATES AND YOU What are rates? Under local government law, everyone who owns a property must pay a local government tax. This tax is called rates.
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