Total value of assessments for property rates in Hong Kong April 2023, by region
As of April 1st of 2023, there were over 1.35 million rating assessments for property rates in New Territories, with a total value of around 280 billion Hong Kong dollars. Rates in Hong Kong is a kind of property tax, which is charged to the owners of rentable properties and calculated on the valuation of the Rating and Valuation Department of Hong Kong's government.