City land prices hit Rp 10 million mark<\/p>\n
JAKARTA (JP): The price of land on Jl. Thamrin, Jakarta is
\npredicted to reach a record Rp 10 million (US$4,651) per square
\nmeter this year, Rp 2 million more than last year, an official
\nsaid.<\/p>\n
The head of the city tax office, Arie Soelendro, said
\nyesterday that the projection was the result of an annual review
\nmade by his office to determine property taxes in the area.<\/p>\n
Arie said in a hearing with the city council that his office
\nreviews the value of taxable property every year, including land
\nand building.<\/p>\n
\"This year the value of land in the city will range between Rp
\n64,000 to Rp 10 million per square meter,\" Arie said.<\/p>\n
He added that last year the value ranged from Rp 20,000 and
\nRp 8 million per square meter.<\/p>\n
\"The increase in the property value is caused by development
\nactivities in the city,\" he said.<\/p>\n
Arie said that due to the increasing prices or values of land
\nthe amount of property tax will also increase, about 25 percent
\nfor land and 5 percent for the building.<\/p>\n
Therefore, city revenues from property taxes in the 1996\/1997
\nfiscal year are expected to increase from Rp 284.4 billion to
\n371.45 billion, up by 30 percent, he said.<\/p>\n
The property tax is the accumulation of the value of taxable
\nproperty divided by 1,000.<\/p>\n
A councilor from the Armed Forces faction, M. Amman, said that
\nthose who can't pay the tax can ask for a reduction.<\/p>\n
\"In a hearing the representative of the tax office said that
\npeople such who have retired but live in expensive areas such as
\nMenteng, Central Jakarta can ask for dispensation to reduce the
\ntax,\" he said.<\/p>\n
Land prices<\/p>\n
The price of land along Jl. Thamrin is the highest in Jakarta,
\nwhile the lowest is Rp 335,000 per square meter in Kemayoran,
\nJohar Baru, Kramat, Petamburan and Bendungan Hilir subdistricts.<\/p>\n
In South Jakarta, the land along Jl. Jendral Sudirman is the
\nmost expensive at around Rp 9 million per square meter, while the
\ncheapest is Rp 103,000 per square meter in Srengseng Sawah,
\nJagakarsa and Lenteng Agung subdistricts.<\/p>\n
In West Jakarta the highest price is Rp 7 million for a square
\nmeter of land along Jl. Gadjah Mada and Jl. Hayam Wuruk, while
\nthe lowest is Rp 64,000 per square meter in Tegal Alur and Kamal
\nsubdistricts.<\/p>\n
In North Jakarta, the highest price is Rp 5 million per square
\nmeter in Ancol subdistrict and Jl. Mangga Dua Raya, and the
\nlowest while the lowest is Rp 64,000 per square meter in Rorotan
\nand Marunda subdistricts.<\/p>\n
\"The increase in land prices in North Jakarta is caused by
\nrapid development in Sunter Agung, Sunter Jaya and Kelapa
\nGading,\" he said.<\/p>\n
In East Jakarta the highest priced land is along Jl. MT.
\nHaryono at Rp 5 million per square meter and the lowest in
\nCipayung district at Rp 82,000 per square meter. (yns)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/city-land-prices-hit-rp-10-million-mark-1447893297",
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