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Published: Friday December 20, 2013 MYT 7:25:00 AM
Updated: Friday December 20, 2013 MYT 10:15:30 AM

DBKL slashes assessment rates by two percentage points

KUALA LUMPUR: City residents can now heave a sigh of relief as Kuala Lumpur City Hall (DBKL) has agreed to slash assessment rates by two percentage points. 

Commercial properties will be charged 10% while residential properties will be charged 4%, down from the current 12% and 6%, respectively. 

For example, a residential property in Taman Taynton View, Cheras which has been valued at RM9,000 will now pay RM360 (at 4%) a year instead of RM540 (at 6%), a reduction of RM180. 

Elsewhere, a property in Taman Bukit Indah valued at RM11,700 will see its assessment reduced to RM468 from RM702. 

Federal Territories Minister Datuk Seri Tengku Adnan who announced this at a press conference in City Hall yesterday said new notices with the revised rates will be sent out soon. 

The announcement comes after weeks of protest from city folk over the drastic increase in annual valuation, which leads to a much higher assessment bill. 

Tengku Adnan said further rebates will be given to disabled property owners, retirees and owner-occupied premises. 

He added that those under this category must fill up a form obtainable from City Hall with supporting documents. 

“The new rates will not be applicable for low and middle-cost properties and owners will still pay the old rates,” he said. 

“A panel will be set up to review the objection letters received and public hearing will be conducted for residents who still want to appeal for further reductions,” he said. 

The new rates will come into effect in the middle of 2014, and ratepayers can still pay the current rates for the first half of next year. 

“Those who have submitted their objection letters will still be called for a public hearing from Jan 6 to March 31, 2014. 

“If you can prove that the revised rates is still a burden, than the panel can reduce it but you must give us proof why you want the reduction,” Tengku Adnan said. 

He added that a total of 153,187 objection letters were received from residents objecting to the increase.

“We were expecting a revenue of RM400mil from this exercise, but with this revision we are only getting RM200mil. 

“This is a government which cares for the people, so don’t listen to the opposition,” he added.

Related story:

MPs and groups: Revised rates will further muddy the waters

 

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