In Hong Kong, rates are a tax on the occupation of property, charged as a percentage of the property’s rateable value (its estimated annual rental value). This free calculator applies the standard 5% charge, splits it into four quarterly demands, and applies any rates waiver cap announced in the budget.
How it works
The annual charge is straightforward, then split across four quarters:
annual rates = rateable value x 5%
quarterly rates = annual rates / 4
per quarter due = max(0, quarterly rates - waiver cap)Rates are billed in advance each quarter, so you pay one quarter at a time. When the government grants a rates concession, it caps the amount waived per quarter per property; any rates above that ceiling are still payable.
Example
A flat with a rateable value of HK$240,000 has annual rates of 240,000 × 5% = HK$12,000, or HK$3,000 per quarter. If the budget waives rates up to HK$1,000 per quarter, each quarter’s net demand becomes 3,000 − 1,000 = HK$2,000, for an annual total of HK$8,000. Everything runs locally; nothing leaves your browser.