Read: Rising rates rage: Cape Town homeowners push backBecause as you’ve pointed out, there is a potential for a significantly increased valuation which will raise their rates. ADVERTISEMENT: CONTINUE READING BELOWJEREMY MAGGS: Storm, the city argues that Cape Town delivers value for money through services. But I can’t deny that the City of Cape Town is providing phenomenal services and it’s clearly evident in the property prices at the moment. Read:Soaring Cape Town house prices mean sky-high ratesMore pain for Cape Town homeowners as property prices bite in new tariffsBut that doesn’t equate for a flawed valuation service. Read:Cape Town needs rent controlInner-city Cape Town: No room for localsFollow Moneyweb’s in-depth finance and business news on WhatsApp here.