The Statement Notice of Valuation List Amendment is an informant notice to the owner related to the changes in their property Annual Valuation that will result into changes in their annual assessment tax amount. The notice will be issued accordance to the Section 144, Act 171 and will give a chance to the property owner to make an objection toward the changes in an Annual Value within a time period stated in the notice.

It will be done through a property inspection site visit and valuation based on the Annual Valuation and a gazetted percentage rate. An “Annual Value” means an estimation of a reasonable annual gross rental that is expected to be collected from a year to another year from the holdings if it is rented out.

An assessment tax or quit rent is a tax imposed to the building/land located within the vicinity of the Council area such as: -

• Residency building (apartment, flat, terrace, bungalow and others)
• Manufacturer Building (factory and warehouse)
• Building / business building (shop, office, supermarket, hotel, petrol station and others)
• Agriculture land, vacant land and development land