How many federal government schools will benefit from the RM50 quit rent rate?

Question

Accepted Answer

106 Federal Government Schools to Benefit from RM50 Quit Rent Rate

A total of 106 schools situated on federal government land in Penang will now benefit from a fixed quit rent rate of RM50 per lot for the current year. This new nominal rate applies exclusively to schools, with international schools being an exception and subject to standard commercial rates.
Nominal Rate for Schools Established

Previously, schools were charged quit rent at rates equivalent to those for residential buildings. While the state government had occasionally granted a nominal rate of RM1 upon specific appeals, the new policy standardises the RM50 rate for all schools, excluding international institutions. This change aims to provide a consistent and reduced financial burden for educational facilities.
International Schools Differentiated

International schools, however, will not be included in this nominal rate. They are considered businesses by the state and will therefore continue to be assessed and charged quit rent at the usual commercial rates applicable to such enterprises.
Broader Quit Rent Adjustments

In addition to school rates, new calculations for first-grade land parcels have been introduced, basing charges on the land's current usage. Land designated for industrial or commercial purposes will now be charged RM3.25 per square metre, a departure from previous classifications that might have allowed agricultural rates.
Rebate Conditions and Appeal Process

A 50% rebate on quit rent for all landowners is available, subject to certain conditions. A key stipulation is that the rebated amount must not result in a payment lower than what was paid in the preceding year. Furthermore, the state will consider appeals for quit rent reductions of up to RM20,000 to expedite the decision-making process for landowners seeking adjustments.

Reading history

Hide →

This history is cleared when the page is closed.

How many federal government schools will benefit from the RM50 quit rent rate?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends