The Menteri Besar of Negeri Sembilan said that the state government will not allow the local authorities to increase the property assessment tax this year, reported Bernama.
“This is the eight year where the state government had not allowed for the increase in the tax rates, despite the real estate value growth in certain areas,” said Menteri Besar Datuk Seri Mohamad Hasan.
“In view of the rising cost of living and to reduce the financial burden of the residents, the state government has taken the decision to disallow any increase in the property assessment tax,” he stated after the weekly state executive council meeting.
The state will also allow fee waivers for business permits until 2017, which will benefit around 10,000 hawkers in the state.
However, the royalty for sand and quarrying has been increased with the new rates being RM3/tonne for sand used internally in the state, which is up by 80 sen); RM4/tonne for sand sold to other states, up by RM1.80) and RM14/tonne for sand exported overseas. This new rate also applies for quarrying products.
Resources: propertyguru.com.my, Mangalesri Chandrasekaran