Rates, taxes and levies are fees paid to the authority that services your property such as a body corporate or municipality.
These fees are dependent on your property type and are paid to the authority which services your property such as a body corporate or municipality.
If you are buying a Sectional Title property you will be charged monthly for municipal rates and taxes that must be paid to the municipality and a levy which is payable to the Body Corporate
This charge (rates & taxes) covers the services provided by your local municipality such as sewerage facilities, roads maintenance, street light maintenance and refuse collection.
If you are buying a sectional title property such as a property in a complex or a flat, you will be charged levies. These levies are for the costs involved in running the complex, and include, building insurance coverage, repairs and maintenance.