• Cuts commercial charges by 50%,
• Reduces charges for Owner-occupier with 3rd party including industries and manufacturing concerns by 25%
• Waives Penalty for Late Payments across board
• Gives tax credits for LUC charges already paid
• Introduces Instalmental Payment System

The Lagos State Government, in its desire to build world class infrastructure and improve the well-being of its citizens reviewed the Land Use Charges payable by all property owners. This exercise was received with mixed feelings by various interest groups who expressed serious concerns.

In line with this administration’s tradition of inclusive governance and civic engagement, and as a Government that is committed to the welfare of its citizens and understands the importance of continuously engaging the populace, we undertook extensive dialogue with various stakeholders on the Land Use Charge (“LUC”) revised Law and its implementation.

Consequently, we received a wide range of responses from our dialogue with various stakeholders on the amended LUC Law 2018. The stakeholders included the Organised Private Sector, Nigeria Bar Association, Real estate investors & developers, Landlord & Resident Associations, Community Development Associations, Civil Society Organisations, Lagos Chamber of Commerce and Industries (LCCI), Nigeria Institute of Estate Surveyors & Valuers and several other professional groups.

These various interactions formed the subject of extensive deliberations at the meeting of the Lagos State Executive Council on Wednesday, March 14th, 2018. The Lagos State Executive Council chaired by His Excellency, Mr. Akinwunmi Ambode, therefore resolved as follows:

1. Commercial Property: Commercial Property owners, who are undoubtedly the stakeholders mostly impacted by this amended Law will be granted 50% discount. This means a commercial property valued at N20 million which was earlier billed N91,200 will now pay N45,600 per annum.

2. Property Occupied by Owner and Third Party & Property Used for Industrial and Manufacturing Purposes: These categories of property will now enjoy 25% discount. This means that a N20 million property expected to pay N30,720 will now pay N23,040 per annum.

3. Owner-occupied Property: This category of property will enjoy 15% discount. For a N20 million property, this used to be N9,120. Now, it is N7,752 per annum.

4. The penalty regime for late payment of LUC has been waived completely. Therefore, LUC payers who have received their bills will no longer be penalised for late payment of bills issued in 2018, thereby providing additional relief to LUC payers.

5. Other rates and reliefs, apart from the ones stated above, will remain unchanged and will be implemented as stipulated by the Law. These include 40% general relief, 10% for 70 years and above, 10% for properties owned by persons living with disability and 10% for properties that are 25 years old and so on and so forth.

6. Owners of Property across all categories will now be allowed to make payments by instalments. This will help to reduce the burden of taxation on our citizens.

7. We appreciate and commend property owners of all categories who have performed their civic duties faithfully by paying the LUC. Consequently, as a result of these new measures, those who have paid the original amount will be awarded tax credits to the extent of the excess amount paid and carried forward to next year.

It is our fervent desire to ensure that we empower every property owner with the self-assessment provisions of the law. Therefore, we shall forward to the Lagos State House of Assembly for review and passage the following regulations:

a) The Regulation for review of applicable rates and regime of reliefs on Categories of Properties pursuant to LUC Law.

b) The Regulation for a framework for self-assessment

We implore all stakeholders to participate effectively in the legislative proceedings and sincerely appreciate them for trusting the current administration with the responsibility of investing the revenue from LUC in infrastructure renewal and overall development of our State. We will continue to make your tax work for you.

Itesiwaju ipinle Eko lo je wa l’ogun!

Source: http://www.opinions.ng/see-details-lagos-state-government-reduces-land-use-charge-luc/

cc: Lalasticlala, Mynd44

bullshit!!!!!who the Bleep values the houses? This criminals in alausa will see a house worth N30M and say it is N600M.God must surely punish both Tinubu band Ambode.What the Bleep do they even mean by the current value of the properties? Did the landlords even tell anyone they wanted to sell their houses?

Ambode is a criminal.This stupid act must never be allowed to stand.Wickedness and deceit of the highest order!!!! Shame on him

Maclatunji can you please explain to me how that house is valued at N589M? Did the owners even tell you they wanted to sell their houses?

PaChukwudi44:
bullshit!!!!!who the Bleep values the houses? This criminals in alausa will see a house worth N30M and say it is N600M.God must surely punish both Tinubu band Ambode.What the Bleep do they even mean by the current value of the properties? Did the landlords even tell anyone they wanted to sell their houses?

I think Estate Surveyors and Valuers are fighting to be the ones to do it.

We Nigerians are too lazy when it comes to governance, we expect everything on a platter. This law should never have been passed in this form if many of the people posing as 'enlightened opinion leaders' actually know their left from their right.

Ambode aren't you a fool ?

lol

We have also reduced the rate for bulk sms website setup so get yours today www.domesms.com/bulk-sms-setup

My visa to Canada this year will not pass me by in JESUS MIGHTY NAME.

This Govt. aint jokin at all

it's like ambode doesn't want to run for 2nd term sha....

obajoey:
My visa to Canada this year will not pass me by in JESUS MIGHTY NAME.

abeg, take me with you. i'm portable...

The problem is not the RATE, it is the VALUATION. These people think we are idiots. 50% of 5m is 2.5m per year on a house on half plot of land

maclatunji:


I think Estate Surveyors and Valuers are fighting to be the ones to do it.

We Nigerians are too lazy when it comes to governance, we expect everything on a platter. This law should never have been passed in this form if many of the people posing as 'enlightened opinion leaders' actually know their left from their right.

the stupid and useless law should be thrown to the dustbin!!! The houses should only be valued if the owners want to sell it.This law is inhuman and draconian and will never stand!!!! This law will mark Ambode's waterloo in lagos.Mark my words

The reason for this reduction is because ambode doesn't want anything to affect his re-election for a second term even though most of us know that vote doesn't count in Lagos state.Election results are written in bourdilon,ikoyi.

Why won't Ambode extort you Lagosians when you keep praising him as if he is using his own personal money to develop the state

Power belongs to the people folks

Ambode listen and listen good, our concern here is not the rate but valuation. A house of #500,000 will be valued 10m by the government and expect the land use charge to be paid. Ambode trash this useless law.

Eko don de baje ooo!!


Genius J

I't is still too much. In Europe, taxes on houses are based on square metres occupied (size) and not market value. What are your bases of valuation. This is just to destroy Lagos property business.

Ambode is a greedy Sherlock.

His main target is the Ibo business men who are developing Lagos for him.

Nigerians have been taken for fools; just raise it up when they lament then, cut it small they'll accept and pay.

Very very soon, businesses are going out of Lagos.

Next year's election will be dicey. It's very unlikely that the APC will return to power. Our streets are overflowing with refuse, that idiot governor in Alausa bought over Lekki concession company nd then increased the toll, other rates and taxes are increasing with no VISIBLE impact on infrastructure. There is no way people with brains in their heads and stomachs to feed will vote APC.

bros Ambode....I thought they said you were an accountant..How can 50% reduction a faulty valuation remedy the issue....

Cancel the whole exercise now...

Make I park my load .....I don port my people

PaChukwudi44:


the stupid and useless law should be thrown to the dustbin!!! The houses should only be valued if the owners want to sell it.This law is inhuman and draconian and will never stand!!!! This law will mark Ambode's waterloo in lagos.Mark my words

Haha..talk as if Ambode is the problem. APC is the problem.

At the end of the day people must pay if they want good infrastructure. 50% and 25% reduction is a good bargain.

Nigerians like Awoof too much. The property owners with their exorbitant rents will be the first to convert their Naira to dollar and go on shopping spree abroad buying expensive Balenciaga, Gucci etc with high tax.

But to pay tax at home na wahala.

.

No problem, just pray along with me.

jashar:


abeg, take me with you. I'm portable...

Welcome development..

This means Ambode is a listening Governor.

olaboy1:
At the end of the day people must pay if they want good infrastructure. 50% and 25% reduction is a good bargain.

Nigerians like Awoof too much. The property owners with their exorbitant rents will be the first to convert their Naira to dollar and go on shopping spree abroad buying expensive Balenciaga, Gucci etc with high tax.

Bros abeg no vex me this afternoon! Nigerians like awoof like how? What service is the Lagos state government rendering to home owners in Lagos to justify collecting Land use charge and property tax yearly? I'm paying Lawma fee and my street is piling with refuse. Im paying property tax and the road to my house is not motorable. Is this what obtains in other countries?

PaChukwudi44:
bullshit!!!!!who the Bleep values the houses? This criminals in alausa will see a house worth N30M and say it is N600M.God must surely punish both Tinubu band Ambode.What the Bleep do they even mean by the current value of the properties? Did the landlords even tell anyone they wanted to sell their houses?

I think that's where the problem is. But paying (0.225%) $129 (N45k) on property worth $56,000 (N20 milliin) almost amount to nothing. Where I live I pay about (1.074%) $3000 for a $280k property... though there is no state income tax.

My only issue is govt accountability and Tinubu getting a cut from all these transactions.

God has a way of making a beloved governor lose his value and standing.

Ambode should reject all these nonsense before his political career is over.