The Ministry of Local Government and Community Development has revealed in a circular the nine tiers of annual assessment rates for residential rateable holdings, which would receive between 10 per cent and 90 per cent reductions.
Minister of Local Government and Community Development Dato Sri Wong Soon Koh confirmed the reductions apply for those paying between RM700 and RM50.01 annually, while those who currently paying RM50 and below would have their assessment rates waived.
The change of the yearly assessment rates can be seen below:
This would mean those payingRM50.01 in assessment rates annually would now only need to pay RM5, while those paying RM100 annually would only need to pay RM10.
Refunds for those who have already settled the full year rates of RM50 and below this year would be made by end of June.
It is understood that the state government has also decided to waive any arrears of assessment rates for residential rateable holdings under the same category.
