The Lagos State Government has begun the distribution of the 2018 Land Use Charge demand notices for properties across the state.
The distribution, which commenced last week, ought to have been carried out much earlier in the year, but was delayed by a review of the Land Use Charge law by the state House of Assembly, a statement noted on Monday.
It added that the review process entailed a repeal of the old law, public hearings and enactment of a replacement by the House of Assembly on January 28, before it was signed into law on February 8 by the Lagos State Governor, Akinwunmi Ambode.
The Commissioner for Finance, Mr. Akinyemi Ashade, said the state House of Assembly decided to review the law in the light of some of the inefficiencies associated with the old Land Use Charge law.
He said, “As noted by the Speaker of the Lagos House of Assembly, only a small fraction of taxable properties were actually remitting Land Use Charge to the government.
“To make matters worse, the Land Use Charge rates had over time gradually become rather obsolete. Also, determination of the rates payable by property owners was often questionable because the formula could be applied in a subjective manner.”
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