PAH 7 4000001
H
「香港政府 GIS 新聞處
DAILY INFORMATION BULLETIN
Wednesday, October 11, 1972
GENERAL INCREASE IN RATES INDICATED
Over 300,000 individual. assessments will be included in the new
valuation list which will come into effect on April 1, 1973. It will replace
the current one which has been in use since April 1, 1969.
The Commissioner of Rating and Valuation, Mr. R.A. Fry, said this
today when confirming that work on the valuation side of the new list was up
to schedule and that notices of valuation would be sent out to ratepayers by
post in early December.
Rateable values are based on letting values and certain trends are
already apparent from an analysis of a cross section of assessments on the
new list.
Rentals have increased considerably over the past four years, whilst
rateable values have remained unaltered. A re-adjustment of the rateable
values is therefore long overdue.
A general increase of about 40 per cent in rateable values is indicated,
but it is emphasised that increases vary greatly..
Some premises in areas, like the Central and Peak Districts on Hong
Kong Island, and Tsim Sha Tsui in Kowloon, will come in for increases which
are considerably higher than the average.
/Mr. Fry
Issued by Government Information Services, Beaconsfield House, Hong Kong. Tel: 5-233191