THE assessment rate for residential properties in Ipoh, Perak, has been set at 7%, a slight reduction from the figures announced previously, says mayor Datuk Rumaizi Baharin.

The new rate, he said, was gazetted by the Perak government on Dec 11 last year, and the reductions have also been made for other property categories, such as commercial and factories.

“The rate for housing properties has been reduced from 9% to 7%, while the rate for traditional village houses is now set at 3%,” he said when met at the Ipoh City Council (MBI) headquarters after a lucky draw event for ratepayers who made full payment for this year’s assessment.