PENANG ASSESSMENT RATES
By Chan Huan Chiang, Ong Wool Leng
January 2010 STATISTICS
What are rates and property assessments?The locals call it mui poi soy (door number tax). Rates levied by the local government, such as the Penang City Council (Majlis Perbandaran Pulau Pinang, or MPPP), make up 6o% to 70% of its total revenue. Rates are charged on various types of properties as a percentage of the annual value (the amount of rent the property can fetch in a year) regardless of whether the property is rented out or not. To make...
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Chan Huan Chiang
is a senior research fellow at the Penang Institute.
Ong Wool Leng
