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The valuation provided for my terrace house at 8 Swiss View is very inaccurate.

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Under the Property Tax Act, the Chief Assessor prepares a Valuation List and may update it as necessary to reflect current market conditions. If you believe the valuation is incorrect, you can request a review. Frequent re-assessments are carried out to address changing market factors, and under Section 20 of the Act, the Chief Assessor is empowered to update figures deemed inaccurate. You can visit:
www.iras.gov.sg
for more details on how to proceed.