Press Releases

New Valuation List and Government Rent Roll open for inspection

The newly declared 2012-13 Valuation List and Government Rent Roll will be available for inspection from next Monday (March 12).

The List and Rent Roll can be inspected during office hours from March 12 to May 31 at the Rating and Valuation Department, Cheung Sha Wan Government Offices, 15/F, 303 Cheung Sha Wan Road, Kowloon.

People may also search for entries on the List and the Rent Roll on the department's website (www.rvd.gov.hk) or its Property Information Online website (www.rvdpi.gov.hk) during this period.

Notices relating to the display of the List and the Rent Roll were gazetted today (March 9).

Proposals objecting to the new rateable values should be made on the specified form (R20A), which is available from the Rating and Valuation Department or the Public Enquiry Service Centres of the Home Affairs Department. Completed forms should reach the Rating and Valuation Department by post or by hand between March 12 and May 31. The public may also lodge a proposal by submitting an electronic form (e-R20A) using the "Electronic Submission of Forms" service provided on the Department's website.

Proposals received after May 31 or served by other modes including facsimile transmission will not be accepted.

All rateable values are reviewed by reference to rental values in the open market on the designated valuation reference date of October 1, 2011, to ensure that the rates and Government rent liability are distributed fairly among rates and rent payers in accordance with the assessed rateable values.

Rates are charged at a percentage of the rateable value of the property. For the financial year 2012-13 the rates percentage charge will remain at the present level of 5%. If payable, Government rent is charged at 3% of the rateable value of the property.

In the 2012-13 Budget Speech, the Financial Secretary announced the waiving of rates for 2012-13 subject to a ceiling of $2,500 per quarter for each rateable tenement.

Rates and Government rent demands to be issued in late March or early April will show the revised rateable values for 2012-13, the Government rent payable and the net rates amount payable after deducting the rates concession. Leaflets explaining the general revaluation and the rates concession scheme will accompany these demands. Enquiries can be made on the department's 24-hour hotline 2152 0111.

The demands must be paid by the last day for payment shown on the demand whether or not an objection is made to the new rateable value. If there is any change to the rateable value as a result of any objection, this will date back to April 1, 2012, and any necessary adjustment to the amount payable will be made in subsequent demands.

9 March 2012