Starting next year, all property owners in the state will have to pay more in assessment rates. It is learnt that the increase is up to 30 per cent.
State Local Government Committee chairman Jagdeep Singh Deo said the increase was to cater to the rising development and administrative costs incurred by both councils.
Meanwhile, MPSP president Datuk Rozali Mohamud urged those with reservations to write in to the council within the stipulated time frame.
MBPP secretary Datuk Addnan Mohd Razali said they are committed in implementing projects which are beneficial to the people.
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GEORGE TOWN: Starting next year, all property owners in the state will have to pay more in assessment rates. It is learnt that the increase is up to 30 per cent.
This is the first increase in 15 years. The current rates have been in place since January 2005 for the Penang Island City Council (MBPP) and July 2005 for Seberang Prai Municipal Council (MPSP).
According to provisions in the law, both local councils are supposed to review the assessment rates once every five years.
State Local Government Committee chairman Jagdeep Singh Deo said the increase was to cater to the rising development and administrative costs incurred by both councils.
The MBPP and MPSP, he said, had recorded deficit budgets since 2016. MPSP, however, recorded a surplus budget last year.
“The monies collected from the increase in assessment rates will be channelled back to the people through numerous development projects.
“Even with the increase, we are still paying lower assessment rates compared to those in Kuala Lumpur, Petaling Jaya, Subang Jaya, Shah Alam and Kota Kinabalu,” he told reporters here today.
Jagdeep said the increase in the rates would depend on the property’s type, location and size.
Citing an example, he said the majority of 77 per cent condominium owners on the island would have to pay up to RM50 increase in assessment rates, with the remaining percentage having to pay more, while the majority 99.90 per cent condominium owners on the mainland would have to pay up to RM48.60 increase.
Jagdeep said the increase in assessment rates would mean additional revenue of RM54,338,822 for the MBPP and RM39,743,077.02 for the MPSP next year.
The MBPP will be implementing 31 infrastructure projects between 2020 and 2022 at a cost of RM179.03 million while the MPSP will be implementing 46 projects costing RM169.74 million during the same period.
“The extra revenue will barely be able to cover expenditures of both councils,” he said, adding that notices have been sent out to all properties’ owners, informing about the hike.
“For those who are dissatisfied with the new rates, they have a right to file objections under provisions in the law. They can write in to both councils by Oct 14.
“All objections will be investigated and heard upon,” he stressed.
Meanwhile, MPSP president Datuk Rozali Mohamud urged those with reservations to write in to the council within the stipulated time frame.
MBPP secretary Datuk Addnan Mohd Razali said they are committed in implementing projects which are beneficial to the people.
Source:
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