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.

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