Statistics Act, 1999
R 385
Local Government: Municipal Property Rates Act, 2004 (Act No. 6 of 2004)Chapter 2 : RatingPart 2 : Levying of rates12. Period for which rates may be levied |
| (1) | When levying rates, a municipality must levy the rate for a financial year. A rate lapses at the end of the financial year for which it was levied. |
| (2) | The levying of rates must form part of a municipality's annual budget process as set out in Chapter 4 of the Municipal Finance Management Act. A municipality must annually at the time of its budget process review the amount in the Rand of its current rates in line with its annual budget for the next financial year. |
| (3) | A rate levied for a financial year may not be increased during a financial year as provided for in section 28(6) of the Municipal Finance Management Act. |
[Subsection (3) amended by section 9 of Act No. 29 of 2014]
