Q.
(a) With reference to Local Government Act 1976 (As amended), state five (5) basis for objections to the Valuation List. Give example for each. (10 marks)
(b) Determine the assessment of a newly completed double storey shop with a lettable area of 160 square metre located at Kulai Jaya, Johor Bahru.
Current rental of similar properties in the vicinity is RM25.00 per square metre per month (nett), while in 2013 the rental rate for similar properties was at RM20.00 per square metre per month (nett).
The rate of return of the property is estimated at 6% p.a., and the assessment rate is 0.27%. The Tone of the List adopted by MBJB is at 1st January, 2013. (15 marks)
(25 marks, 2015 Q7)
A.
Ref:
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