By DESIREE TRESA GASPER, http://thestar.com.my
Published: Sunday June 2, 2013 MYT 12:23:00 PM
Updated: Sunday June 2, 2013 MYT 12:27:05 PM
JOHOR BARU: The state government will impose higher tax rates for about 130,000 foreigners who own properties in the state.
Johor Mentri Besar Datuk Seri Mohamed Khaled said that the rates were still being discussed but the new rates will be imposed by the end of the year.
“I believe that most locals will be in agreement to this new policy and it is done to increase our state’s returns,” he said during a press conference before conducting a walkabout in Permas here on Sunday.
Mohamed Khaled added that a re-evaluation exercise would also be conducted statewide as the last formal evaluation was done in the 80’s.
“Some of the local councils have conducted property evaluations in the last few years and this includes the Johor Baru City Council (MBJB) who last did a property evaluation in 1991.
“Taxpayers need not worry about the evaluations as property taxes will be retained for lower priced properties,” he said adding that higher taxes may be imposed for properties worth in the millions.
Mohamed Khaled said that the state had no intention of increasing the financial burden of the people but also needed to increase the returns to ensure that the local councils can provide better facilities and services for the locals.