Hike in Assessment Rate Myth Busted by
Chur Associates
Bandar Tun Razak MCA Division
Against Assessment Rate Hike
The concept behind this definition
is of a hypothetical landlord renting
out the land and buildings to a
hypothetical tenant who makes use of
the land and buildings.
abolishment and reduction
of several subsidies as well
as the implementation of
Goods and Services Tax by
2015, the public will be greatly
burdened,” he told reporters
at his office in Wisma Mirama,
Jalan Wisma Putra.
In fact, the amount of assessment
payable per annum is based on the
formula below:-
Chew said the valuation
amount in the notice was also
not clearly explained.
Proposed Annual Value X Rate of
Assessment = Assessment payable
per annum
Pursuant to section 142(1) of
LGA, whoever disagrees with the
Proposed Annual Value may lodge
an objection in writing to the
Property Management and Valuation
Department of DBKL on or before
17.12.2013 on the ground that any
land or building which is rateable is
valued beyond its rateable value.
In a scenario; Mr Lim and Ms Teresa
are the owners of a bungalow house
in Taman Seputeh, Kuala Lumpur.
Recently, they received a letter from
Kuala Lumpur Town City Hall (“DBKL”)
namely, Notice of Revision of the
Valuation List. When they received
the notice, they are flabbergasted,
thinking they are required to pay
up to a “proposed annual value” of
RM36,000.00 (as shown in the sample
letter above). Is it true? What can they
do?
MYTHBUSTED
False. The amount stated in the
Notice of Revision of the Valuation List
is the Proposed Annual Value.
“Annual value” is defined in Local
Government Act 1971 (“L