WHAT’S THE STORIES

Love your levy

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Date 17 May 2022
Author Chulumanca
Contact Name ...
Contact Email info@centurycity.co.za
Contact Telephone +27 21 552 6889
URL Century City

In the first instalment of our Love Your Levy series, we looked at where our levies are spent and what portion of income to the Century City Property Owners' Association, comprises of levies.

But who pays levies?  Levies are collected from the property owners in Century City, namely owners of offices, retail, hotels and residential complexes.  The levies are payable on a square metre basis by the owners of offices and retail, whereas levies for hotels are calculated per room and residential buildings, per unit. 

The operational and capital budgets, on which the levies are based, covers the provision of safety & security, landscaping, cleaning, maintenance, environmental, transport and administrative services, as well as scheduled major projects and infrastructure maintenance.