60% of homes in Cape Town to enjoy property rates decrease

60% of homes in Cape Town to enjoy property rates decrease

Around 60% of Cape Town households could see their property rates drop or stay the same, even though property values have increased. Mayor Geordin Hill-Lewis announced the proposal while tabling the City’s draft 2026/27 “City of Hope” Budget on Tuesday. The relief comes through several measures aimed at protecting ratepayers from the impact of the latest municipal property valuation. “These measures ensure that around 60% of households will actu…