BUKIT MERTAJAM: The Seberang Perai City Council (MBSP) has announced that it will increase the assessment rate by up to 5% according to the property category with effect from Jan 1, 2025.
Seberang Perai Mayor Datuk Baderul Amin Abdul Hamid (pic) said this is based on the existing assessment rate that has been in use since 2020, which will expire on Dec 31 this year, apart from the increase in management costs in the area.
However, he said the assessment tax change only involves 63% or 228,721 of the total 362,097 holdings in Seberang Perai.
He added that the remaining 133,376 or 37% are not involved and would continue to pay the current rate.
“The holding category that will experience a change in the assessment tax only involves flats and landed residences with 41,988 and 140,333 units respectively.
“Also involved are trade holdings of 29,527 units, factories and light factories with 1,793 and 4,999 units respectively, gas stations (154 units) and development land of 9,927 units,” he told a press conference at Menara MBSP here yesterday, Bernama reported.
Baderul Amin also said the state government has given approval to both the local authorities, namely MBSP and the Penang Municipal Council, to revise the existing assessment list as stipulated in the Local Government Act 1976.
He said the implementation of the new assessment list from 2025 will involve an increase in new tax revenue and will be used for the purpose of cleaning operations, solid waste disposal and road maintenance.
It will also be used to upgrade and maintain public facilities, landscape maintenance and beautification, as well as various facilities for the Seberang Perai community.
He said the New Valuation List 2025 is expected to generate additional tax revenue of RM10.757mil for MBSP.
“For example, 87.55% of the 41,988 units of flats other than low and medium-low cost only have to pay up to RM20 increase in assessment rate, while the remainder have to pay more than RM20.”
Baderul Amin said any property owner who is not satisfied with the new tax increase rate can make a written objection under Section 142(1) of the Local Government Act 1976 to the mayor through the MBSP website until Oct 14.
He said all objections received will be heard by the Tax Objection (Reassessment) Committee and the appeal decision will be notified by April next year at the latest.
