{"id":8033,"date":"2013-12-23T13:49:31","date_gmt":"2013-12-23T05:49:31","guid":{"rendered":"http:\/\/www.imoney.my\/articles\/?p=8033"},"modified":"2015-04-09T11:49:25","modified_gmt":"2015-04-09T03:49:25","slug":"dbkl-reduces-assessment-rates","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/dbkl-reduces-assessment-rates","title":{"rendered":"DBKL Reduces Assessment Rates"},"content":{"rendered":"

If you are among thousands of house owners in Kuala Lumpur affected by the hike in assessment rates to take effect next year, you can breathe a sigh of relief. The hike is still set to take effect but Kuala Lumpur City Hall (DBKL) has announced that the quantum of increase has been lowered.\u00a0<\/span><\/p>\n

The new rates announced are 10% for commercial properties and 4% for residential properties, down from the current 12% and 6%, respectively.<\/p>\n

The annual value of your property will still be increased as stipulated in the notice you have been served but the slashed rates ensures increments do not exceed 10% for residential properties and 35% for commercial properties, according to Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor in a report published by The Star<\/i>.<\/p>\n

<\/span>Latest DBKL Assessment Rates<\/span><\/h2>\n

\"dbkl\"<\/a><\/p>\n

For example, a residential property in Taman Desa, Kuala Lumpur which has been valued at RM23,400 will now pay RM936 (at 4%) a year instead of RM1,404 (at 6%), a reduction of RM468.<\/p>\n

Further rebates will be available to lighten the added financial burden on selected groups of homeowners. Homeowners who are disabled, retired, or owning a property for occupation can apply for a rebate by providing supporting documents and filling up a form obtainable from City Hall.<\/p>\n

\u201cThe new rates will not be applicable for low and middle-cost properties and owners will still pay the old rates,\u201d said Tengku Adnan.<\/p>\n

What do you think of these new rates? Will the hike still put a strain on your finances?<\/p>\n

<\/span>Though we can breathe a small sigh of relief on this revised hike in assessment taxes, there are still six other impending hikes<\/a> that we need to be aware of. \u00a0<\/strong><\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"

If you are a homeowner in Kuala Lumpur, you can breathe a slight sigh of relief. The hike in assessment rate is still set to take effect but DBKL has announced a reduction in the quantum of increase.<\/p>\n","protected":false},"author":9,"featured_media":7477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216],"tags":[],"class_list":["post-8033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"acf":[],"yoast_head":"\nDBKL Reduces Assessment Rates | iMoney<\/title>\n<meta name=\"description\" content=\"The DBKL assessment tax hike is still set to take effect next year but with lower assessment rates of 4% for residential properties and 10% for commercial.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/dbkl-reduces-assessment-rates\" \/>\n<meta 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