KUALA LUMPUR - The government's decision to revise the assessment rate for Kuala Lumpur, which has increased to over 200%, is timely and in line with the increase in property value, the Dewan Rakyat was told.
Defending the decision, Federal Territories Minister Datuk Seri Tengku Adnan Mansor said the assessment rate has remained the same for the past 21 years.
However, he was quick to say that it was not the final decision and residents have till Dec 17 to submit their feedback.
Citing an example of the value of a terrace house which was RM80,000, 21 years ago, Tengku said these properties now cost more than RM400,000.
Tengku Adnan was responding to Lim Lip Eng (DAP-Segambut) who hit out at the "steep increase of more than 200%".
Critising the decision, Lim called it a "crazy" idea to increase the rate without any strong basis.
He said the government should urge Kuala Lumpur City Hall to withdraw the notice as it would burden the people.
"Don't confuse the Dewan and the people. If the people don't agree, they can write to City Hall and we will reconsider.
"We give importance to the people's welfare first," Tengku Adnan said.
Fong Kui Lun (DAP-Bukit Bintang) interjected, asking how residents in old settlements like Taman Seputeh could afford to pay assessment rates for their properties which would cost tens of thousands since they are mostly retirees.
Tengku Adnan assured that the government will take all the feedback and objections into consideration and discuss the best approach before coming up with a win-win solution.
"The residents in KL also need to understand that the value of their property has hit the roof and they have to eventually pay the corresponding value," he said.
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