Sectional title: Rates, taxes and levies

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.

Back to News

Latest News

Card image cap

Public Service Announcement

National Real Estate would like to address the change-over from Jager Prepaid to Utility Management Solutions (UMS), which is taking place at all complexes that National Real Estate manages. On the 1st of May 2022, Jager sent National Real Estate a 30-day notice to inform all their clients that Jager will no longer be offering their Prepaid services. National Real Estate then approached Utility M

Card image cap

George Office Now Open

National Real Estate's Garden Route Franchise opened their office in George in February 2022 Visit our Contact Us page to see more - https://www.nationalre.co.za/contact-us

Card image cap

Garden Route, we are on our way!

https://www.nationalre.co.za/contact-us 

National Realestate Logo.