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Challenges Association with Property Rating In Nigeria
[A Case Study of Abeokuta North Local Government Area] -
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- Contributor: mr-chris
- engagements: 453
- Case No: 410585pw
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CHAPTER ONE - [ Total Page(s): 3 ]CHAPTER ONE1.0 INTRODUCTION Property rating is a form of tax levied on real property and it is normally charged at local level for raising the revenue to carry out specific developmental projects. These rates are levied annually on owners or occupiers of landed property. It is charged on the annual value of occupation of the tenement and should reflect the income earning capacity of the built up landed property. Historically, rating system has its origin in the Poor Relief Act, 1601 generally referred to in Britain as “the statute of Elizabethâ€. This system i ... Continue Reading
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