KUALA LUMPUR, April 7 -- Penang land tax for a 12-hectare plot has been slashed from RM334,544 to RM180 following a state-wide review, with landowners urged to file appeals by April 30 to benefit from reductions of up to 82 per cent.

In a statement, Bagan MP Lim Guan Eng said the RM50 appeal fee has been waived, adding that the revised rates were confirmed to him yesterday by Penang Chief Minister Chow Kon Yeow.

Lim said Chow had verified that land tax rates for properties with majority residential use have been reduced by 78.5 per cent in urban areas, from RM3.25 to 70 sen per square metre, and by 82 per cent in rural areas, from RM2.80 to 50 sen per square metre.

Vacant land without structures will be taxed at the agricultural rate o...