How to calculate the amount of rates and Government rent payable of a property?
Rating and Valuation DepartmentRates and Government rent payable of a property
Citizens may use the Rates and Government Rent Calculator to estimate the amount of rates and Government rent payable for the latest 3 years of assessment.
Rates
Rates percentage charge of domestic tenements:
- Before 1 January 2025: 5% of the rateable value
- Starting from January to March 2025 (i.e. the fourth quarter of the financial year 2024-25) :
- For tenements with rateable value of or below $550,000, the rates percentage charge remain at 5%,
- for tenements with rateable value over $550,000, the rates percentage charge will be calculated according to the progressive rating system
| Rateable value | Rates percentage charge |
|---|---|
| First $550,000 | 5% |
| Next $250,000 | 8% |
| Remainder | 12% |
- For tenements not subject to the progressive rating system (e.g. public rental housing flats), the rates continue to be charged at 5%.
Rates percentage charge for all non-domestic tenements is calculated at 5% of the rateable value.
Government Rent
Government rent charged is calculated at 3% of the rateable value.
Last update: 24 Dec 2024
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