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Draft South African Mass Appraisal Standards for Property Rating (SAMASt)

12 January 2016   (0 Comments)
Posted by: Admin
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Draft South African Mass Appraisal Standards for Property Rating (SAMASt) – 20150116 Version (5) for comment

Dear Member

Further to our communication to you (registered persons) in August 2014, on the International Association of Assessing Officers (IAAO) having adopted international guideline standards on mass appraisal and related property tax policy (Jan 2014), a revision version 5, has been prepared for comment, which now incorporates areas deemed appropriate for the support, monitoring and oversight of valuation rolls and valuations prepared in terms of the LG: Municipal Property Rates Act, 2004 (Act No. 6 of 2004) (the MPRA), from a South African context.

As background, during the initial development of the IAAO draft International mass appraisal standard, between 2012 and 2013, members of the South African Council for the Property Valuers Profession (SACPVP), and voluntary organisations (the Black Professional Valuers Association- BPVA and the South African Institute of Valuers- SAIV) were consulted and the comments received were collated and communicated to the IAAO for incorporation into the IAAO International standard. The IAAO international standard was developed with contributions from respected international experts on mass appraisal and property rates administration from both within the United States and from international professionals in other countries who apply market value for property rating.

The revised SAMASt version (5) is now under final review and comment by an established National Steering Committee on MPRA-Mass Appraisal Strategy (MAS), comprising, SACPVP, the National Department of Cooperative Governance and Traditional Affairs (CoGTA) and associated stakeholders representing municipalities including the Metro Valuers Forum together with the Institute of Municipal Financial Officers (IMFO).

As part of this communication the revised SAMASt version (5) and appendices is hereby circulated to SACPVP members for constructive comment and is accessible on link https://www.dropbox.com/sh/33gbd0t5q2mfdu2/AACra5r3BUr6CuIlC1jqjS9ea?dl=0

Please kindly forward any comments to email address mpra.project@kzncogta.gov.za by 27th March 2015.

Registrar

SACPVP