Stamp Duties Act, 1968 (Act 77 of 1968)
R 385
Local Government: Municipal Property Rates Act, 2004 (Act No. 6 of 2004)Chapter 2 : RatingPart 3 : Limitations on levying of rates20. Limits on annual increases of rates |
| (1) | The Minister may, with the concurrence of the Minister of Finance and by notice in the Gazette, set an upper limit on the percentage by which— |
| (a) | rates on property categories or a rate on a specific category of properties may be increased; or |
| (b) | the total revenue derived from rates on all property categories or a rate on a specific category of properties may be increased. |
[Subsection (1) amended by section 31 of Act No. 19 of 2008]
| (2) | Different limits may be set in terms of subsection (1) for— |
| (a) | different kinds of municipalities which may, for the purposes of this section, be defined in the notice either in relation to categories, types, or budgetary size of municipalities or in any other way; or |
| (b) | different categories of properties, subject to section 19. |
[Subsection (2) (a) amended by section 15 (a) of Act No. 29 of 2014
| (2A) | The Minister may, with the concurrence of the Minister of Finance, and by the notice referred to in subsection (1), delay the implementation of a limit, for a period determined in that notice and in respect of the different kinds of municipalities defined in terms of subsection (2)(a). |
[Subsection (2A) inserted by section 15 (b) of Act No. 29 of 2014
| (3) | The Minister may, on written application by a municipality, and on good cause, exempt a municipality from a limit set in terms of subsection (1). |
| (4) | This section must be read with section 43 of the Municipal Finance Management Act. |
