EKITI LANDLORDS TO PAY MANDATORY PROPERTY TAX.

By Roundoffnews

In Ekiti State, landlords and land owners across the 16 local government areas will henceforth pay a mandatory Property Tax

The new policy is being introduced by the State government as part of initiative by Governor Kayode Fayemi to scale up the Internally Generated Revenue of the state for better infrastructure development.

In order to achieve the policy under the Land Use Charge Law, the government has begun aggressive enumeration of all buildings and landed property across over 130 towns in the state for hitch-free implementation of the tax policy.

The Chairman of the Ekiti State Internal Revenue Service, Mr. Muyiwa Ogunmilade in a statement made available to newsmen in Ado Ekiti, on Sunday said the 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, had been neglected for long but would be reintroduce to cushion the effect of dwindling allocation from Federal Government

The State’s Revenue Chief, said Governor Kayode Fayemi was uninterested to impose double taxation or obnoxious tax policy on residents , clarifying that the new measure was just an implementation of an existing, but abandoned law.

“The LUC is an annual tax, payable in respect of all real estate property situated in Ekiti State, including ordinary parcels of land and with improvement except those exempted under the Law.

“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.

“For accurate charges to be arrived at, property identification officers or assessors have begun the process of enumeration of all properties in our state and this will provide proper guide for the government, because you have to pay based on the property owned.

“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.

Ogunmilade added that apart from ensuring that the revenue profile of the state is boosted with the law, it would fasttrack the process for the capturing of more citizens in the tax net to discharge their statutory obligations to the government for effective service delivery.