Monday, November 25, 2013
Kepong factory value up 886% in DBKL assessment revision exercise
Photo taken from: http://www.thestar.com.my/News/Community/2013/11/25/Vast-difference-in-valuation-Factory-owner-gets-two-notices-for-same-property.aspx
News from: http://www.fz.com/content/kepong-factory-value-886-dbkl-assessment-revision-exercise ( 23/11/2013)
Both notices were issued on Nov 18 and the owner, who wishes to remain anonymous, is unsure as to how much assessment he should pay. The property was originally valued at RM9,000 and now from Kuala Lumpur City Hall (DBKL) has come out with two different valuation - RM79,800 and RM48,600.
The 1976 Local Government Act stipulates that DBKL must conduct an inquiry for each objection submitted to it.
For one double- storey corner unit, the valuation has skyrocketed to 424% of its original value.
Speaking to the constituents, Abdul Khalid said people should not be subjected to more than 10% increase in their assessment rates for the next five years. He said most people do not intend to rent or sell their houses, so the revaluation does not benefit them. Khalid, who is also menteri besar of Selangor, said he will try to advise the KL mayor based on his experiences in governing the state. "Inflation is not an excuse for assessment hike. If it is dependent on inflation rate, our country's Consumer Price Index which is around 3%... in 10 years should be 30%, not 300% like what DBKL have suggested."
Abdul Khalid said DBKL's governance is weak because it did not conduct sessions to clarify the matter and disclose the revaluation method.
"The fact they don't take into account how the hike will burden the people and simply justify it with 'outdated rates' is not right.
"I will make sure the mayor channels tax revenue to improve lives of the people of Kuala Lumpur. I urge everyone to protest and demand for better services from DBKL."