The Seberang Perai City Council (MBSP) has announced a revision to property assessment rates, effective January 1, 2025. This adjustment will see an increase of up to 5%, based on property categories, marking the first change since the current rate was introduced in 2020.
Mayor Baderul Amin Abdul Hamid highlighted that 63% of the 362,097 properties in Seberang Perai would be affected by the hike. The revision will impact 41,988 flats, 140,333 landed residences, 29,527 trade holdings, 1,793 factories, 4,999 light factories, 154 gas stations, and 9,927 land parcels under development. The remaining 37% of properties will not be subject to the rate change and will continue paying at the current rates.
The state government has approved the adjustment under the Local Government Act 1976. Mayor Baderul noted that the additional tax revenue—expected to bring in RM10.757 million—will be allocated for maintaining cleanliness, waste disposal, road maintenance, and public facility upgrades.
In particular, 87.55% of flat owners, excluding those in low- and medium-cost units, will see an increase of no more than RM20 in their assessments. Others will experience larger hikes, depending on their property category.
Residents dissatisfied with the new rates can file objections via the MBSP website until October 14, 2024. These objections will be reviewed by the reassessment committee, with final decisions expected by April 2025.
This revision is part of MBSP’s broader initiative to ensure the continued development and upkeep of Seberang Perai’s infrastructure and public amenities.
Join our Telegram Channel now to receive instant update on Penang latest projects and property news
