All this house valuation should not cause any problem..... Once property is valued, ask Ambode & Lagos state government to come and buy............

The owners don hammer......

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?

Good question.

jashar:


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

Ahaha hey toy be hand lauguage ahaha

This luc is giving my dad some headache and i need some inputs on how to go bot it cuz I intend going to dia office to make a complain. He was billed 23700 for a owner occupied property.
The property is owner occupied
My dad is over 70yrs
Also the property is 25 years old.

Is there any relief/benefits for such property, and if there is, what is the percentage.

;

duni04:

Option 2 is becoming the reality to every sane person that lives in Lagos. Even those die hard APC people are starting to realise that survival in Lagos begins by voting that idiot prick Ambode and his party out in 2019. It's non negotiable. That's the only way to survive in Lagos today before Ambode turns us all to Tinubus dogs.

Hm But you know the reality nao
AMBODE will flawlessly win 2019 election.

olaboy1:


Overvaluation is all over the major cities in the world. Property tax around Europe is 0.75%, so Lagos is a good deal.

You are wrong here, most developed countries done overvalue properties, because there are procedures for property valuation.

What some of you guys dont realize is that property value can drop in some areas due to certain factors.

It might interest you to know that properties in areas like Apapa has being experiencing drop value for the past 3 years.

Lexusgs430:
All this house valuation should not cause any problem..... Once property is valued, ask Ambode & Lagos state government to come and buy............

The owners don hammer......

Correct

I'm not paying any luc, toll fee, license BS.......

Thieving ass government full of iguanas

wellmax:


Illiteracy is indeed a disease.
₦20,000 is used as an example.
Houses will be valued based on current market prices.
Estate valuers abound everywhere.
In some cases landlord even provide the value of their houses which will be ratified by government officials.

you are the illiterate here and not me!!! Is this house pictured here worth N539M? who told you land lords were asked to provide the value of their houses.This criminals go about quoting any figure that beats their imagination for any house and ask Landlords to pay the LUC based on their crazy valuations

PaChukwudi44:
Ambode is a criminal.This stupid act must never be allowed to stand.Wickedness and deceit of the highest order!!!! Shame on him

Don't blame Ambode. The real landlord of Lagos state is at
Bourdilon avenue. He has Lagos in his pocket.

ademusiwa3r:
i think this people doubt what i said, that they can not collect land tax. why did benin city fall.. oba ovonramwen benin city fall . this people in land are boko haram.. boko haram started to collect money in borno state that why the military is there.. and the military would be back in lagos..

you have collected taxes illegally for 17 years... no single money was paid.. by you people. it was use to fund mr tinubu business.

the military would need 50,000 officers to take over lagos in less than 24 hours.. it may cost you politician your own life.. so it is better for them to listen .. and know the limitation of the law.. that nobody with the stupid logo can collect land tax in lagos.
the military will capture mr tinubu or mr akinyemi ashade in 24 hours. you will not be alife to tell the story. this why they are treating Abubakar Shekau... and they will treat mr tinubu or ambode or mr akinyemi ashade like Abubakar Shekau

even while you people illegal collect money in lagos, you have use it to fund your private business. The correct account has zero dollar for the last 50 years.. even while you people have collected this money to fund your private business.
I would like to warn you. I am not joking. the military will capture mr tinubu or mr akinyemi ashade in 24 hours. if you dont stop your activities. 1992 lagos house of assembly was not in ikeja. you are trespassing.

Lagos is still the official capital of Nigeria.. the capital of the federal republic is abuja.. the federal republic is not a country. even while the president lives in abuja.. there are military reason why lagos is still the official capital of nigeria.


https://www.youtube.com/watch?v=Z5XvmiKTlXw

https://www.youtube.com/watch?v=1kimbo5c0Ak


[img]http://4.bp..com/_-HE1lR1mlb8/SyCWu7dydRI/AAAAAAAABeM/BS3tP2Lww_o/s320/obaovonramwen.jpg[/img]



https://www.youtube.com/watch?v=QT5tkvmb3IM

how i wish i understood what you wrote.

Wow. I have friends who were waiting for NASU to call off the strike. They are all happy now.
Make God favour us this year.
At least u don collect am bro.

yeyerolling:
bros we dey same shoe o. Nasu strike delayed me. I don use bribe collect my transcript yesterday only for dem to call off strike

OBAGADAFFI:


You are wrong here, most developed countries done overvalue properties, because there are procedures for property valuation.

What some of you guys dont realize is that property value can drop in some areas due to certain factors.

It might interest you to know that properties in areas like Apapa has being experiencing drop value for the past 3 years.

Houses in NYC are overpriced and overvalued, what more do you want.

A lot of people commenting here do not know there's a difference between Property Price and Property Valuation. Property price is determined by the market, while valuation takes into several consideration like the environment, economic activities, etc. For a property to be correctly assessed, there are two components:

a. The land which takes into account the measurement in size and it's "historical" value. For instance, a land does not appreciate by 5,0000% over a period of say 5 years. Secondly, other factors are taken into consideration such as the environment, socio-economic activities, For instance, properties located in flood plain areas, or located around a certain environment tend to have less appreciable value than others.

b. The improvements (this is the actual house itself is what gets taxed on somewhat higher). While lands appreciate, improvements depreciates aggressively which is why it's often capitalized over a period of time. For instance, a personal property is likely to depreciate slowly than a commercial property.

A lot goes into valuation which is why I think the people supporting this law cannot seem to prove how they came up with their valuation. To imagine that the house used as an example was valued at N539 million beats me.

ajl:


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.

Come to the place I built my house, the road leading to it is terrible, the last time it was graded, it was through community effort. Since land use is for state gov't, and not for local gov't, how will money collected on houses on my street be used in other areas in the state? I think it will be more beneficial if money collected on houses on my street is used for development of that street. That will give a sense of belonging to the owner's. Any other thing is fraud

Saying they'v cancelled the penalty shows what they'r up to una think say na small children una dey address? So i can stay without paying LUC na?? ......so u'l now re-introduce it afta 2019 elections


mayb Ambode isnt interested in 2nd Term

PaChukwudi44:


you are the illiterate here and not me!!! Is this house pictured here worth N539M? who told you land lords were asked to provide the value of their houses.This criminals go about quoting any figure that beats their imagination for any house and ask Landlords to pay the LUC based on their crazy valuations

Oya tell us the value of the house since you know.

May I also tell you that house owners can contest the value of their houses.

OBAGADAFFI:


Correct

Na so nah...

If you look it from another angle this means Ambode just turn your area to GRA

ajl:


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.

I'm in the same frame of mind this charges should be dynamic and progressive such that an owner occupied pays around 0.50% and investment property owners who own more than one property pay more incrementally.

There should also be a factor of residential property used for business purposes.


It all amounts to nothing, if anyone complains of paying 45k for a 20M property they are selfish and are unreasonable

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.

But to pay tax at home na wahala.

Sometimes reason before you comment. Nigerians like awoof? Is it every landlord in Lagos that is going abroad on shopping spree? You still think this is even about landlords? Ordinary people, tenants are going to suffer this tax. Did they increase minimum wage? How much is the average salary in Lagos? Which infrastructure are they going to enjoying? Enjoy infrastructure on empty stomach?

When the landlords increase rent, tenants will pay few times but when there is no reasonable income, to pay becomes a problem so they will move out. In turn landlords won't be able to meet up with payments, this will contribute to so much problems in the state.

adidison:


Sometimes reason before you comment. Nigerians like awoof? Is it every landlord in Lagos that is going abroad on shopping spree? You still think this is even about landlords? Ordinary people, tenants are going to suffer this tax. Did they increase minimum wage? How much is the average salary in Lagos? Which infrastructure are they going to enjoying? Enjoy infrastructure on empty stomach?

When the landlords increase rent, tenants will pay few times but when there is no reasonable income, to pay becomes a problem so they will move out. In turn landlords won't be able to meet up with payments, this will contribute to so much problems in the state.

Note 0.255% annual property tax will not leave real estate investors in debt, and shouldn’t be used as an excuse to sky rocket rent.
All developed countries pay property tax and capital gain tax.
All the major roads in Lagos are motorable and that’s where your taxes go to. It’s fine if you don’t want to pay anything, just don’t complain when the roads go bad and nobody is fixing them. Your civic duty is to pay adequate taxes and even if you don’t benefit directly, someone else does.
I have a property in Europe and I pay 0.75% every year.

I still can't comprehend the essence of this payment. Lagos makes so much from all forms of taxes, crude oil revenue, ports revenue, etc. Y are they making life more difficult for the masses? Rentage will skyrocket and the people will suffer the more. Let all landlords force their tenants to get their PVC before 2019 else they should pack out. APC gvt is the worst thing to have happened to nigeria. Tufiakwa. Tinubu and ambode must leave lagos alone, they can't continue to grow Rich on the account of lagos and its people. Curse be upon these wicked APC and it's politicians...curse I say.

olaboy1:


Houses in NYC are overpriced and overvalued, what more do you want.

Wrong, not all properties in NYC are overvalued

Your property's value is what a ready, willing and able buyer would pay. To determine that value, it is necessary to look at comparable properties in the neighborhood which sold recently. When calculating your home's value, consider your property the “subject property” and the sold properties “comparable properties.”

For once I just want a PDP governor in Lagos that will open up on all attrocities being perpetrated by the Tinubu dynasty.
Between, Ambode didn't reduce anything on Land Use Charge, he only just revealed the original plan so you can paint him as a listening governor. We are not all gullible.

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

You will stay in naija and suffer with us all. You are going no where!

oruma19:
I still can't comprehend the essence of this payment. Lagos makes so much from all forms of taxes, crude oil revenue, ports revenue, etc. Y are they making life more difficult for the masses? Rentage will skyrocket and the people will suffer the more. Let all landlords force their tenants to get their PVC before 2019 else they should pack out. APC gvt is the worst thing to have happened to nigeria. Tufiakwa. Tinubu and ambode must leave lagos alone, they can't continue to grow Rich on the account of lagos and its people. Curse be upon these wicked APC and it's politicians...curse I say.

Lagos 2018 budget is 1.046trillion Naira. To make any significant progress we need around 2.5 trillion Naira. Your crude oil and Apapa port revenues are not enough.
More than 95% of people have not been paying property tax or tenement rate. A serious government is one trying to enforce policies, rules and regulations.

adidison:


Sometimes reason before you comment. Nigerians like awoof? Is it every landlord in Lagos that is going abroad on shopping spree? You still think this is even about landlords? Ordinary people, tenants are going to suffer this tax. Did they increase minimum wage? How much is the average salary in Lagos? Which infrastructure are they going to enjoying? Enjoy infrastructure on empty stomach?

When the landlords increase rent, tenants will pay few times but when there is no reasonable income, to pay becomes a problem so they will move out. In turn landlords won't be able to meet up with payments, this will contribute to so much problems in the state.

u must be one of the cursed politicians. May thunder fire all of u that are fleecing the people whilst enriching yourselves. Lagos does not have infrastructure that warrants such payments, they don't have social programs that warrant such payments. All the monies they get from monthly federal allocations , all the monies they get from all the satanic inventions (taxes) they have introduced in almost all sectors in the economy what have they done with them?, what about the ports that they make billions from? What about personal income taxes? What about cpmpany taxes they rake in on per sec bases? Tibubu is just a wicled man, Awolowo was never like this. U people enjoy watching the vast majority suffer kn hunger and deprivation while u swim in luxury. All the monies go to tinubu and his cohorts. God will visit all u wicked men with sickness and problems money will not solve to ur fifth generation. U r equating London or new York with lagos that has the highest number of poor people in the southern part of nigeria. May thunder visit all politicians with annoyance, devils in human form. I spit on ur grave, ekwensu.. When there will be no more for the poor to eat or place to live, they will eat u the politicians and live in ur houses. It sure will happen in nigeria, its just a matter of time and the time is too close to call.

The truth is i dnt even understand what LUC is all about. SMH!

olaboy1:


Note 0.255% annual property tax will not leave real estate investors in debt, and shouldn’t be used as an excuse to sky rocket rent.
All developed countries pay property tax and capital gain tax.
All the major roads in Lagos are motorable and that’s where your taxes go to. It’s fine if you don’t want to pay anything, just don’t complain when the roads go bad and nobody is fixing them. Your civic duty is to pay adequate taxes and even if you don’t benefit directly, someone else does.
I have a property in Europe and I pay 0.75% every year.

You sound like you benefit from inside all this, talking about major roads are motorable lol. Dude inside estates in Lag most roads are bad. Plus stop talking about civic duty in Nigeria that the govt don't do ishhh! Your talking about 0.75% in Europe, when was the last time you saw sand sand or dirt on your way to your property? Didn't you see parks? Proper well planned pedestrian routes? Please just stop!

Even if I don't pay somebody will pay. Oh yes!!! Let the senators and govt wife pay. It's their civic duty.

I bind you.

Therefore I say unto you, What things soever ye desire when ye pray, believe that ye receive them, and ye shall have them.

madgoat:


You will stay in naija and suffer with us all. You are going no where!

oruma19:
u must be one of the cursed politicians. May thunder fire all of u that are fleecing the people whilst enriching yourselves. Lagos does not have infrastructure that warrants such payments, they don't have social programs that warrant such payments. All the monies they get from monthly federal allocations , all the monies they get from all the satanic inventions (taxes) they have introduced in almost all sectors in the economy what have they done with them?, what about the ports that they make billions from? What about personal income taxes? What about cpmpany taxes they rake in on per sec bases? Tibubu is just a wicled man, Awolowo was never like this. U people enjoy watching the vast majority suffer kn hunger and deprivation while u swim in luxury. All the monies go to tinubu and his cohorts. God will visit all u wicked men with sickness and problems money will not solve to ur fifth generation. U r equating London or new York with lagos that has the highest number of poor people in the southern part of nigeria. May thunder visit all politicians with annoyance, devils in human form. I spit on ur grave, ekwensu.. When there will be no more for the poor to eat or place to live, they will eat u the politicians and live in ur houses. It sure will happen in nigeria, its just a matter of time and the time is too close to call.

This guy hunger don block your eyes? Spit on my grave? Relax man! Your talking to the wrong person, read before you quote and start insulting/ praying for thunder to fire ... if I were a politician, you'll probably have heard about the good things happening around me. Read what I said 1st mate.