Assessment cuts of 5% for strata title units, 20% for terrace homes in Putrajaya

The government has agreed to implement Phase 2 of the assessment tax cut in Putrajaya amounting to 5% for strata title residences excluding affordable houses and 20% for terrace houses beginning July 1 this year.

Prime Minister Anwar Ibrahim said the assessment discount applied to residential units built after 2017, with the reduction to be based on the total tax imposed.

Anwar, who is also the finance minister, said the tax reduction offer involved almost 2,700 residential units with strata titles and that the new rate would stay until a reassesment is done by Putrajaya Corporation. 

"I take note of the complaints from owners of properties that are not affordable houses in Putrajaya that the assessment rate imposed on their residential premises is quite high compared to those in surrounding areas," he said in a statement today.

He said the discount was in line with the Malaysia Madani aspiration through the compassion element, extended to a wider segment to ease the people’s burden in dealing with cost of living issues, especially owners of strata title residences and terrace houses among the M40 group. 

Residential units priced below RM300,000 in Putrajaya had previously been given a 30% discount in assessment, effective Jan 1 this year until a reassessment by Putrajaya Corporation.