The super-rich Gupta family has received a property tax bonanza on their luxury R26.5?million estate that other homeowners could only dream of.
City Press has established that the Guptas’ 6?000m² homestead in Saxonwold, northern Joburg, has been valued for property taxes at less than a third of the R26.5?million the controversial family have poured into the property.
And, city valuation records show, not only are they paying taxes on a fraction of the property’s value but the valuation has dropped significantly from 2008 when the last citywide valuation was done.
They are also not alone.
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