The CID management confirms the properties within the boundaries of the CID, which is then linked by the City to the municipal valuations according to the most recent general valuation roll.
The CID management annually prepares an overall budget for the year. This is based on the specific needs of the area as set out in the approved Business Plan. Individual contributions are then calculated by dividing up the budget total according to the municipal valuations of each property, proportional to the total valuation of the CID.
The CID Policy allows for a differentiation in tariffs for the different types of properties – be it residential, commercial or industrial.
This tariff is then expressed as a Rand in the Rand and is applicable over a financial year, which starts on 1 July. The CID budget and proposed tariff have to be approved by the City, and advertised for comments and objections as part of the City’s budget process prior to implementation on 1 July.