Ipoh City Council Agrees To Reduce Proposed 9 Assessment Rate

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Ipoh mayor Rumaizi Baharin said the new assessment rate, which will take effect on July 1 next year, will be announced soon. (Wikipedia pic)
IPOH: The Ipoh City Council (MBI) has agreed to further reduce the assessment tax rate to below the proposed rate of 9%.
Mayor Rumaizi Baharin said the decision was made despite only 18,000 out of 319,000 property owners submitting objections before the Nov 22 deadline.
“Only about 6% objected (against the proposed 9% rate), which is very low, compared to the 94% that did not protest.
“Even though only a small number objected, we still conducted a review and considered their feedback. We have already held a special meeting to lower it a little more,” he told reporters after chairing a full council meeting for November here today.
He said the decision to lower the tax rate from the previously suggested 9% was finalised during today’s meeting and is expected to be announced by the end of the year or in January.
The revised assessment rates will take effect on July 1, 2025, following changes to the annual value of properties, which had not been updated for 42 years.
On Sunday, housing and local government minister Nga Kor Ming said the government proposed that the tax increase be implemented gradually while taking into account the current inflation rate.
On a separate matter, Rumaizi said the redevelopment of the Pasir Pinji market is expected to be completed by November 2026 at a total cost of RM13.95 million.
“MBI has appointed the main contractor for this project for a period of 104 weeks starting from Nov 20. Work is expected to be completed in two years.
“MBI has also managed to reduce the overall project cost, previously estimated at over RM16 million, to RM13.95 million,” he said.
He said all the traders at the market have been relocated to a temporary site, built at a cost of RM1.48 million, since July 1 until the redevelopment project is completed.
“The market is expected to have several new features. It will be the first with a green building index, as well as being environmentally friendly and sustainable,” he said. - FMT

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