Tshwane house valuations err

R930K TO R11M: NO MAJOR IMPROVEMENTS

- Antoinette Slabbert

A property owner in Wonderboom South, Pretoria, got the shock of his life when he recently received a notice from the City of Tshwane stating that the single residential house where he has been living since 1992 has been valued at R11 million, up from the current R930 000.

Wonderboom South is a middle-class suburb in the Pretoria Moot with big plots and lots of trees. Selling a house for R11 million in this area would be a rarity.

The owner, who asked to remain anonymous, said he has not made any big improvements that could justify the increased valuation.

"I believe it is a mistake. They might have added one zero too many," he said. "My neighbour's new valuation is R1.1 million."