While the valuation of properties in Kuala Lumpur will go up, the assessment rates will be reduced to compensate.
Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor said it was ridiculous to maintain the same valuation for 21 years, but the government will lower the assessment rate to reduce the burden of the people.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!