The provincial equitable share allocations include R2 billion in 2013/14, R2.2 billion in 2014/15 and R2.3 billion in 2015/16 which were previously part of the Devolution of Property Rate Funds Grant. This grant is being phased into the provincial equitable share in the 2013 MTEF. The funds emanating from the grant will not be subject to stipulations contained in the provincial equitable share formula. National Treasury reported that an assessment of the grant's performance in 2012 confirmed that sufficient progress has been made and provinces will be in a position in 2013/14 to take full responsibility for property rates with respect to property owned and deemed to be owned by provincial departments.