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Progressive Rating System for Domestic Tenements


The progressive rating system for domestic tenements has taken effect following the gazettal of the Rating (Amendment) Ordinance 2024 on 1 November 2024. Starting from 1 January 2025,

  • For domestic tenements with rateable value of $550,000 or below (about 98% of private domestic tenements), the rates percentage charge remains at 5%.
  • For domestic tenements with rateable value over $550,000, rates are calculated according to the following progressive rates charge scale:

    Rateable value of domestic tenements Rates percentage charge
    First $550,000 5%
    Next $250,000 8%
    Remainder 12%

The 2024-25 rateable value of a tenement after revaluation has been shown on the quarterly Rates and Government rent demands, whereas the amount of progressive rates charged for the January to March 2025 quarter for applicable cases will also be shown on the quarterly demands concerned to be issued in early January 2025. Whether progressive rates will be charged for subsequent years of assessment for a particular domestic tenement will depend on whether its rateable value for the relevant year(s) is above $550,000.

You may use the “Rates and Government Rent Calculator” to estimate the amount of rates and Government rent payable.


Frequently Asked Questions




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