KUALA LUMPUR: Kuala Lumpur mayor Datuk Seri Amin Nordin Abdul Aziz announced yesterday that the City Hall (DBKL) will not increase its assessment tax rate next year.
Amin Nordin said the City Hall will also not review property tax rate, and the decisions were made due to the economic slowdown expected to impact Malaysia in 2017. “Given that the country’s economic growth for next year will be relatively slow, DBKL has no plans to raise the assessment rate or make any reassessment on all its properties
“Instead, we will be offering a 20 per cent discount incentive to disabled tax payers for their assessment rate,” Amin Nordin said as quoted by theSun daily. The announcement was made when DBKL unveiled its RM2.87 billion budget for next year yesterday, to serve 1.76 million residents in the capital city.
From the total, RM1.73 billion is for operating expenditure while another RM1.14 billion is set for development. DBKL last announced a review on assessment rate for the first time after 21 years at the end of 2013.
Federal Territories Minister Datuk Seri Tengku Adnan Mansor announced in June 2014 that assessment rate hike for properties in Kuala Lumpur will be limited to 10 per cent for residential and 25 per cent for commercial premises.
