Recorded Webinar: MPRA Compliant Municipal Valuation Roll Management

MPRA Compliant Municipal Valuation Roll Management

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Presentation by:

The use of valuation roll management systems by valuers and municipalities —the do’s and don’ts. Presented by Corne Louw

The application of mass appraisal models in South Africa: What works and what doesn’t work? Presented by Janet Channing

Improving public confidence in municipal valuation through valuation consistency and accuracy studies. Presented by Dr Steven Ngubani

Addressing the necessary GIS standards for the assembly and maintenance of the municipal register of properties. Presented by Peter Newmarch

CET:

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SAIV Webinar - MPRA: Compliant Municipal Valuation Roll Management

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1 / 10

1 What is the key function of a valuation management system?

a. Automation of the valuation roll compilation and management function

b. To offer supporting functions e.g. generating reports, storing data, etc.

c. Provides a platform to manage the objection, appeal and supplementary valuation processes.

d. All of the above

2 / 10

2 One of the benefits of a management valuation system is that:

a. It accounts for unique property features such as architectural design differences and historical significance.

b. It is an automated, cost-effective way to compile municipal valuations.

c. The quality of data does not matter, the system will always have an accurate output.

d. Te algorithms and calculations are simple, easy and understandable for all laypersons to understand.

3 / 10

3 When implementing a valuation management system, the valuer must ensure that the system is legislatively compliant to:

a. The Municipal Property Rates Act, MsCOA, and the Sectional Titles Act.

b. The Protection of Personal Information Acts, The Municipal Property Rates Act and the Development Facilitation Act.

c. The Municipal Property Rates Act, MsCOA and the Property Valuers Profession Act.

d. The Pubic Finance Management Act, The Road Traffic Act and the Municipal Property Rates Act.

4 / 10

4 True or False, valuation accuracy is currently monitored within the SA rating environment?

a. True

b. False

5 / 10

5 Within smaller municipal environments, do you require more or less sales than in larger, more mature sales environments?

a. Yes, More sales, or a higher % of sales

b. No, a lower sales percentage is required from a smaller environment

6 / 10

6 True or False, do all spatial rights automatically have a 21 Digit code assigned to them by the Surveyor Generals Office for records held in that office?

a. True

b. False

7 / 10

7 The legal area to use for an approved real right (and registered in the deeds office) is ordinarily that area recorded in the deed at the deeds office. Under what circumstance is this not the case?

a. When a new diagram is framed after re-surveying an incorrect land parcel.

b. When a lease of land is involved as you use the leased surface area (sloped land – greater area).

c. When plans are approved for an extension of a sectional title unit.

8 / 10

8 True or False: Users of SG spatial data are allowed to fix the errors they find in the supplied Data if it is for another use of that data?

a. True

b. False

9 / 10

9 Which standards are not compulsory for municipal valuations in SA?

a. sMVPR

b. IAAO Mass Appraisal Standards

c. International Property Tax Institute recommendations

10 / 10

10 True or False, Ratio Studies can be used to measure valuation accuracy and consistency?

a. True

b. False

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