IPOH: The recent increase in assessment rates by the Ipoh City Council (MBI) has further burdened residents, says MCA Perak.
Its Publicity Bureau chief Chung Kok Heung said the third-party property valuations have not reflected actual market values, resulting in rates that seem exaggerated.
He highlighted complaints from residents in new villages like Simpang Pulai, where one valuation jumped from RM1,560 in 2023 to RM34,800 in 2024, and another from RM5,040 to RM93,120.
"According to councillor Lee Tze Hoo, the assessment rate for new villages was set to decrease from 8.5-9.5% to 6%, but such an unrealistic jump in value leaves many wondering if properties in these areas can truly command such rental rates.
For instance, based on the new valuation, monthly rents would be estimated at RM3,900 and RM7,760, which no one would believe," he said in a statement on Wednesday (Nov 6).
Chung urged property owners to submit formal objections to the City Council’s Property Valuation Department by 22 November.
"For those unsure of the procedure, you may contact me at 016-5151988 for assistance," he said.
