Ekiti introduces compulsory property tax for landlords, landowners

The Ekiti State government has begun the implementation of mandatory payment of Property Tax by landlords and land owners in the state as part of the measure to shore up its Internally General Revenues base.

Ogunmilade said the Ekiti State Property Tax Law backed by the State Land Use Charge Law No 3 of 2013, which comprises payment on ground rent, tenement rates and neighbourhood improvement levy, has been neglected for long, saying time has come for it to be put to full use in view of the low revenues from the Federal allocation to the state .

“Owners are expected to pay the LUC for their respective properties, or alternatively the tenants may pay and get reimbursement from the owners of the properties. “I appeal to our people to cooperate with the property identification officers in the course of discharging their duties by providing access and accurate information about their property”, he said.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ekiti introduces mandatory property tax for landlords, landownersHe said that the new measure was just an implementation of an existing but abandoned law..................................
Source: PremiumTimesng - 🏆 3. / 78 Read more »

IGR: Landlords, landowners to pay mandatory property tax in Ekiti - Daily Post NigeriaAs part of the efforts to shore up its Internally General Revenues(IGR) for more infrastructural development, the Ekiti State government has introduced
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Ekiti introduces mandatory property tax for landlords, landownersHe said that the new measure was just an implementation of an existing but abandoned law..................................
Source: PremiumTimesng - 🏆 3. / 78 Read more »