• Residential property owners in Johannesburg have a month to object to new home valuations that the city will use to tax them.
  • Some valuation increases have been extreme – but so has the rise in property prices in the city, averaging 22.9% over the past five years.
  • In some suburbs prices have increased by half again on average. Others have been stagnant for half a decade.

Property owners in Johannesburg are very, very, very angry about some of the valuations the city has assigned in its new valuation roll, which will determine taxes until the next until 2022.

Individual results may vary, the Joburg metro has argued, but its new valuations actually represent an average 30% increase over the five-year window since 2012 it is using to determine rates and taxes.

That is roughly within an inflation rate of 6% a year – and not a million miles from the average 22.9% increase in real house price sales growth Lightstone House price index over the same period.

See also: The floor space of SA shopping centres will soon be bigger than four countries

But at the edges of the statistical curve are properties that have shot up in value well over the average.

The ten Joburg suburbs where prices have increased by more than 50% since 2012
  • Rosebank
  • Braamfischerville
  • Parkwood
  • Houghton Estate
  • Amorosa
  • Fleurhof Extension 2
  • Edenburg
  • Kyalami Estates
  • Bezuidenhout Valley
  • Killarney

Source: Lightstone

And there are also suburbs that have and suburbs that have seen price growth far below the average – and the rate of inflation.

The 11 Joburg suburbs where prices have increased by less than 10% since 2012
  • Sharonlea
  • Sonneglans
  • Glen Fernes
  • Princess
  • Winchester Hills
  • Mayfair
  • Rand Leases Gold Mine
  • Windsor East
  • Blackheath
  • Barbeque Downs
  • Boskruin

Source: Lightstone

Owners have until 1 April to object to their valuations.

Receive a single WhatsApp message every morning with all our latest news. Sign up here.

See also: