Section 105B: Determination of net annual value of immovable property

105B. Determination of net annual value of immovable property (1) On receipt of a declaration referred to in section 105A (1), the Chief Executive shall, within 30 days of the date of receipt, forward the declaration to the Chief Government Valuer for the determination of the net annual value of the immovable property. (2) The Chief Government Valuer shall, on receipt of the declaration referred to in subsection (1), determine the net annual value of the immovable property and shall, as soon as practicable but not later than 6 months of the date of receipt, communicate the net annual value as determined to the Chief Executive, in such form and manner as may be mutually agreed. (3) Section 110 shall apply to the general rate as it would apply to local rate. [S. 105B inserted by s. 15 (b) of Act 26 of 2012 w.e.f. 22 December 2012; amended by s. 32 (e) of Act 18 of 2016 w.e.f. 7 September 2016.]