Q.
Give explanation of the below terms:
(a) Annual Value
(b) Improved Value
List down some of the differences between them. 15 marks
(c) As new development of a new township, calculate value of assessment rates for the below assumptions:
RM2,500 rental of the similar type of property around that area, with market value of properties at RM1,200,000.
(i) Assessment rate using Annual Value. 5 marks
(ii) Assessment rate using Improved Value. 5 marks
*You can assume the percentage rates at your area in making the calculation.
(M2022-1 Q3, 25 marks)