Date: 24/03/2008 [ISNIN]
Local councils in the country are looking into the new method of valuing rateable properties using the market value, MV instead of the current Annual Rateable Value, ARV. A spokesperson for the Councils says the issue will be among the five main agendas to be discussed at the 12th National Valuers Meeting of the Local Councils to be held in Miri City on Wednesday and Thursday. She says MV have been successfully implemented in many European countries and easy for the people to understanding the value of their properties and the rates charged by the local councils.
The spokesperson told RTM today, among other related agendas of the meeting are strategies to enhance revenue for the councils especially through assessment rate, as well as "Control of Properties in-lieu of rate" especially on government properties. The Minister of Environment and Public Health, Datuk Michael Manyin Jawong is scheduled to officiate at the welcoming dinner for the 175 participants of the two-day meeting.
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