Are you a senior citizen? If so, you could qualify for a reduction of municipal property rates. You could qualify for up to a 100% rebate if you earn less than R,7850 per month, or up to R50% if you earn less than R13,458 per month.
- You must be at least 60 to qualify for the rebate.
- You must own and live on the property.
- Your application must be accompanied by your identity document, proof of income for the previous tax year, and proof of current income.
For more information, contact your local municipality.
Proper retirement planning is essential. To get an estimate of how much you will need when you reach retirement, click here.