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Municipal Valuation vs Market Value

Two values. Two dates. Two different decisions.

Your municipal account shows one value. An estate agent suggests another. An online property estimate gives you a third.

Which one should you believe? The answer depends on what you're trying to establish — your municipal rates position or what your property could sell for today.

WHAT IS IT WORTH? FIRST ASK: FOR WHICH PURPOSE? MUNICIPAL VALUATION ROLL HISTORICAL DATE MARKET SELLING POSITION CURRENT EVIDENCE SAME PROPERTY · DIFFERENT QUESTIONS

You open your municipal account and see that your property is valued at R1.3 million.

But you believe your house could sell for R1.8 million.

Does that mean the municipality has undervalued your property?

Or has the estate agent overvalued it?

"How can the same property have two completely different values?"

The answer may be less mysterious than you think.

The values could have been established at different dates, for different purposes and using different sets of evidence.

One may be a legally prescribed market-value assessment for a municipal valuation roll. The other may be a current estimate of what buyers are likely to pay.

Before deciding which number is correct, establish what each figure represents — and the date to which it relates.

The R1.3 million and R1.8 million figures are illustrative, not valuations of a particular property.

Understand the two values

Both are about property value. But they are not necessarily answering the same question.

The valuation date and intended purpose are essential to understanding the difference.

Value One

Municipal Valuation

Used in the municipal property-rates system.

Purpose: Forms part of the valuation roll used to determine municipal property rates.

Date: An official valuation date established for the roll.

Basis: The municipality is required to determine market value according to the applicable legislation.

Evidence: Municipal valuation methods, property records and relevant valuation data.

Important: It is not automatically an estimate of what your house would sell for today.

Value Two

Current Market Value

Relevant when considering a sale today.

Purpose: Helps establish what willing buyers may realistically pay for the property.

Date: Reflects current market conditions at the time of assessment.

Basis: Buyer and seller activity in the open market.

Evidence: Relevant completed sales, competing properties, current demand and property-specific characteristics.

Important: A sales price assessment is an indication, not a guaranteed final selling price.

The crucial distinction is not that the municipality ignores market value. It is that municipal market value is determined for a specific valuation date and statutory purpose.
What South African law actually says

A municipal valuation is supposed to be based on market value.

This is an important point that is often misunderstood.

The Local Government: Municipal Property Rates Act 6 of 2004 provides the framework for municipal property valuations.

Section 46 broadly defines market value by reference to the amount a property would have realised if sold in the open market by a willing seller to a willing buyer on the valuation date.

A municipality therefore does not simply choose an arbitrary property value because it wants to collect rates.

The municipality is assessing market value at the official valuation date. An estate agent assessing your selling position today is dealing with a different point in time.

Valuation differences can still arise from incorrect property information, unsuitable comparisons, valuation methodology, changed circumstances or market movement.

And where the valuation roll contains a material error, the law provides procedures for objections, reviews and appeals.

Read the Municipal Property Rates Act ↗
Important for Boksburg property owners

Ekurhuleni's current valuation roll has its own valuation date.

Boksburg falls within the City of Ekurhuleni Metropolitan Municipality.

Ekurhuleni's General Valuation Roll 2025 provides the municipal property valuations for the current roll period.

1 JUL 2024
Valuation Date

The date to which the general municipal values relate.

1 JUL 2025
Implementation

The date the roll took effect in the rates system.

30 JUN 2026
Objection Closure

The published closing date of the 2026 general-roll objection window.

30 JUN 2029
Roll End

The published end of the current general-roll period.

A market assessment made in October 2026 is not automatically comparable with a municipal value determined as at 1 July 2024.

The published general-roll objection period ran from 13 May to 30 June 2026 and has closed. Different procedures or new objection windows may apply to subsequent supplementary valuation rolls, and existing objection decisions may have appeal rights.

Check the latest official municipal notice before assuming any objection or appeal period remains open.

Source: City of Ekurhuleni GV2025 valuation portal, public notice and objection guidance. Information checked in October 2026.

A simple example

What if your municipal value is R1.4 million, but your home could sell for R1.75 million today?

It's tempting to conclude that one of the values must be wrong.

But consider the dates first.

Municipal valuation
R1,400,000
As at 1 July 2024

Illustrative value recorded for the municipal valuation date.

Possible current selling assessment
R1,750,000
October 2026

Illustrative current market assessment based on new evidence.

DIFFERENCE BETWEEN THE TWO FIGURES
R350,000

This difference could reflect market movement, changed property condition or updated information.

But it does not prove that the municipality's July 2024 assessment was wrong.

To challenge that historic value on valuation grounds, the relevant question is whether it was properly assessed at the prescribed valuation date, considering the applicable rules and evidence.

You cannot automatically prove a historic valuation wrong by showing that the property may be worth more or less two years later.

All amounts in this section are hypothetical examples, not actual market evidence or Ekurhuleni roll entries.

Why the figures may not match

Six reasons the difference could be substantial.

01

Different Valuation Dates

The municipal valuation may relate to a historic date while the current sales assessment considers today's market.

02

Market Movement

Buyer demand, interest rates, competing stock and economic conditions can change between valuation dates.

03

Renovations and Improvements

A new bathroom, improved layout or other meaningful change may influence current buyer appeal.

04

Maintenance and Deterioration

A roof, drainage system or other component may deteriorate after the municipal valuation date.

05

Property Information

Incorrect property extent, category, description or other relevant data can affect a municipal valuation entry.

06

Different Comparable Evidence

The evidence available at the municipal valuation date may differ from the sales and competition available today.

Some differences are legitimate. Others may reveal errors that should be investigated. The correct response depends on which situation applies.
Your home's individual circumstances

The condition of your property matters — especially when you're considering selling.

Two homes can have the same stand size, number of bedrooms and municipal valuation while looking completely different to potential buyers.

One may have updated finishes, secure parking and little immediate maintenance.

The other may need roof repairs, plumbing work or substantial refurbishment.

A current sales price assessment should consider those differences and how buyers compare the property with alternatives.

This is why a property-specific assessment can be more useful than simply relying on an old figure or an online estimate.

Suburban residential house with garage and landscaped garden
Illustrative house photograph · Kellen Riggin / Unsplash
A current market assessment considers the house as buyers would encounter it today — not merely the property details recorded years earlier.
Why municipal valuation matters financially

An incorrect municipal valuation can affect your property-rates account.

Municipal valuations aren't only interesting numbers on a document.

They form an important part of the property-rates system.

The municipal rates calculation generally considers the property's rateable value, its category and the applicable rate-in-the-rand.

Exclusions, rebates, exemptions and other provisions may also affect the amount charged.

Simplified illustration — not an Ekurhuleni tariff
RATEABLE VALUE
×
RATE IN RAND
=
ANNUAL RATES

Now imagine that the value used in an illustrative rates calculation is R500,000 higher than it should be.

At a hypothetical rate of R0.005 per rand of rateable value, that difference would amount to R2,500 per year, before any applicable exclusions, rebates or adjustments.

R2,500
PER YEAR
R208.33
PER MONTH
A valuation error can have a financial consequence. But the actual rates impact depends on the current municipal tariff, rating category and applicable relief.

The R500,000 difference and R0.005 rate are hypothetical examples only. They are not published Ekurhuleni property rates or a calculation of any homeowner's current municipal account.

Understand the municipal account

Your municipal account contains more than property rates.

Homeowners sometimes look at the total municipal account and assume every charge increases or decreases automatically with the property valuation.

That is not correct.

Property rates use the valuation-based rating framework, but other municipal charges may be calculated differently.

Property Rates

Linked to the rating framework, valuation, category, tariffs and applicable relief.

Water

May depend on metered consumption, applicable tariffs and other account-specific arrangements.

Electricity

Usually governed by electricity supply and tariff arrangements, rather than simply property market value.

Other Services

Refuse, sewerage and other charges may follow separate tariffs, categories or billing rules.

If your municipal account seems incorrect, identify which charge you are disputing before deciding how to challenge it.
For Ekurhuleni property owners

How do you check the municipal valuation of your property?

You can start with Ekurhuleni's official valuation-roll portal.

The portal provides access to property information and valuation notices, subject to the municipality's search facilities and current arrangements.

1
Open the official valuation portal

Use Ekurhuleni's published valuations website rather than an unrelated third-party estimate.

2
Identify your property correctly

Use your stand or erf and portion number, sectional-title details or other information required by the portal. Keep your municipal account available.

3
Check the property details

Review the recorded description, extent, ownership details where shown, valuation and property category.

4
Confirm the valuation date

Make sure you understand the date to which the municipal value relates and whether a supplementary roll affects the property.

5
Investigate any apparent error

If something appears incorrect, check the municipality's current objection, supplementary valuation or appeal procedures rather than assuming a standard query is a formal objection.

Open Ekurhuleni Valuation Portal ↗
What if the municipal value is wrong?

A proper valuation objection needs evidence — not only disagreement.

If a municipal valuation appears incorrect, first identify why.

Is the property categorised incorrectly?

Does the roll reflect the wrong extent or other important details?

Is the historic market value unsupported by relevant comparable evidence?

These are different issues and may require different supporting information.

Evidence worth investigating
□
Correct property identification and legal description.
□
Stand extent, sectional-title details or other relevant recorded particulars.
□
Applicable property category or recorded use.
□
Comparable transaction evidence relevant to the official valuation date.
□
Condition and property characteristics relevant at that date.
□
Any applicable official notices, objection decisions or supplementary valuations.
Important: The general valuation objection window for Ekurhuleni's GV2025 closed on 30 June 2026.

Do not assume you can still submit an ordinary objection under that closed notice. Check whether a supplementary roll, an existing objection decision, an applicable appeal process or another lawful correction procedure is relevant.

Under the published objection procedure, a formal objection must concern a specific property entry and be supported by relevant reasons and evidence.

An objection does not automatically suspend the obligation to pay municipal rates while the matter is being considered.

If you are disputing a current rates account, do not simply stop paying. Obtain appropriate advice on your actual billing and legal position.

Planning to sell?

Don't choose your selling price solely from the municipal valuation.

Your municipal valuation can be useful background information.

But your asking price should be supported by current, relevant market evidence.

A proper sales price assessment considers competing properties, recent comparable sales, the condition of your house and what potential buyers can choose instead.

Incorrect approach

"The municipality says R1.4 million, so I'll sell for R1.4 million."

The figure may relate to an earlier date and may not capture current buyer demand or property changes.

Better approach

"Let's assess recent sales, competing homes and the property's current condition."

The recommended selling range has a current, property-specific basis.

A municipal value can be higher or lower than a current likely selling price. Neither direction automatically proves the other figure is wrong.
How Much Is My Boksburg Property Worth?
What a market assessment considers

Your property is competing with other homes available to buyers today.

A buyer considering a house in Boksburg may compare it with similar properties in the same suburb or nearby areas.

They will consider the price, condition, accommodation, security, parking and ownership costs.

A property's specific position and the alternatives available can influence what buyers are prepared to offer.

That is why a current Comparative Market Analysis can be useful when planning a sale.

House model, keys and calculator representing a property valuation decision
Illustrative real estate photograph · Jakub Żerdzicki / Unsplash
A market assessment should explain the recommended selling range using evidence — not simply repeat the number a homeowner hopes to achieve.
Avoid these mistakes

Three valuation mistakes that can lead to expensive decisions.

01

Treating a Historic Value as Today's Price

A municipal valuation could relate to an earlier date and may not represent what buyers will pay now.

02

Ignoring a Possible Municipal Error

Incorrect roll entries or unsupported valuations may affect property rates and deserve timely investigation through the correct procedures.

03

Confusing Asking Price With Market Value

A neighbour advertising at a high figure has not necessarily achieved that figure in a completed sale.

The solution is to use the right evidence for the right decision.
Not planning to sell?

Your property's current market value is only one part of the rent-or-sell decision.

Many homeowners discover that they have more than one option.

They may be able to keep the property and rent it out rather than selling immediately.

But that decision should not be based only on what the property is worth.

The owner should also understand the likely rental income, running costs, finance obligations, maintenance requirements and risk of vacancy.

If You Sell

Consider the likely selling price, outstanding bond, costs of selling and expected net proceeds.

If You Rent

Consider realistic rental income, financing, rates, insurance, maintenance, vacancies and management responsibilities.

The best decision is not always to sell immediately — or to keep the property indefinitely. It depends on your circumstances.
Try the A+ Property Decision Score™
The A+ Properties approach

A current sales price assessment should give you more than a single number.

At A+ Properties, the objective of an estate-agency market assessment is to help the owner understand the likely market position of the property.

That means considering the property itself alongside relevant sales evidence and current competition.

01

Understand the Property

Review the location, accommodation, condition, improvements and other relevant characteristics.

02

Examine Comparable Sales

Consider relevant completed transactions and differences between those properties and yours.

03

Review Current Competition

Understand which other properties buyers can consider in a similar budget range.

04

Discuss the Selling Range

Explain the evidence supporting an estimated market range and an appropriate pricing strategy.

A Comparative Market Analysis is an estate-agency assessment. It is not the same as a formal valuation by an appropriately registered property valuer where a formal valuation is required.

If you need a formal valuation for litigation, an estate, financial reporting or another specialist purpose, confirm the professional report required rather than assuming that an ordinary sales CMA will be sufficient.

Frequently asked questions

Questions homeowners ask about municipal and market values.

Is municipal valuation the same as market value?

Municipal valuations are generally intended to represent market value at a prescribed valuation date under the Municipal Property Rates Act. That historic valuation may differ from a current market assessment made when you are considering selling.

Why is my municipal value lower than my selling estimate?

The values may relate to different dates. Market movement, renovations, changed property conditions or differences in the evidence used can also affect the figures. The difference alone does not establish that either assessment is incorrect.

Can my municipal valuation be higher than my current market value?

Yes. A property's current likely selling position may be lower than its municipal valuation because of market changes, property condition or valuation concerns. Whether the municipal entry is incorrect depends on the valuation date and the relevant legal and factual evidence.

Does municipal valuation affect property rates?

Yes. The valuation is part of the property-rates calculation, together with the property's category, applicable tariffs and any relevant exclusions, rebates or exemptions. It does not automatically determine every other municipal service charge.

Can I object to my Ekurhuleni valuation in October 2026?

The published objection period for Ekurhuleni's GV2025 general valuation roll closed on 30 June 2026. Check official municipal notices for any applicable supplementary-roll objection window, existing objection appeal process or other legally available correction procedure.

Does lodging an objection mean I can stop paying rates?

No. Under the published municipal objection process, lodging an objection does not defer liability for property rates. Seek appropriate advice if you have an actual rates dispute or believe an adjustment is due.

Should I sell my property at its municipal value?

Not simply because it appears on the municipal roll. A current sales price assessment should be supported by comparable sales, competing properties, buyer demand and the individual characteristics of your home.

Can A+ Properties tell me what my home could sell for?

A+ Properties can assist with an estate-agency sales price assessment or Comparative Market Analysis. Where a formal statutory, legal or specialist valuation is required, an appropriately registered professional valuer may be necessary.

The A+ Properties perspective

We believe property owners should understand the number before making a decision based on it.

A municipal value, current selling assessment and rental assessment each serve a different purpose.

Understanding those differences can help owners avoid unrealistic expectations and unnecessary mistakes.

At A+ Properties, we assist homeowners with sales price assessments, rental-market assessments, tenant placement and property management in Boksburg and surrounding areas.

Whether you decide to sell, rent, keep or wait, that decision should be based on your circumstances and relevant evidence.

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What is your property worth today?

Don't mistake the municipal value for your current selling price.

A+ Properties can help you understand your home's likely selling range using relevant market evidence, and discuss whether selling, renting or retaining the property makes sense for your circumstances.

Information note: This article provides general South African residential property and municipal valuation information. It does not constitute personalised legal, tax, financial, investment or municipal-rates advice. Valuation-roll procedures, objection periods, tariffs, property categories and applicable relief may change. Individual valuation matters should be assessed using the current official notices, applicable legislation and relevant property evidence.

Ekurhuleni valuation dates: The GV2025 roll uses a valuation date of 1 July 2024 and took effect on 1 July 2025. The published 2026 general-roll objection period closed on 30 June 2026. Check official municipal notices for subsequent supplementary-roll windows, appeal procedures and any changes.

Financial examples: All property values, tariff figures and rates calculations shown in this article are hypothetical and do not represent actual Ekurhuleni tariffs, property assessments or municipal-account amounts.

A+ Properties: A+ Properties provides estate-agency sales price assessments, rental assessments, tenant placement and property management services within the scope of the service selected. A Comparative Market Analysis is not equivalent to a formal registered property valuation where one is required.

Photographs are illustrative images from Unsplash and do not depict A+ Properties listings or verified Boksburg properties. Google's Preferred Sources button requires support for Google's external JavaScript. A direct link is included if the interactive button is unavailable.

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