ISSN 1027-0353
African Journal of Political Science ISSN 3461-2165 Vol. 10 (1), pp. 001-008, January, 2016. © International Scholars Journals
Full Length Research Paper
An estate valuer’s assessment of the Lagos state land use charge law 2001
Oni Ayotunde Olawande
Department of Estate Management, Covenant University, Ota, Nigeria. E-mail: [email protected]. Tel: 234-8023122014.
Accepted 14 October 2015
Abstract
Increasing demand for provision of urban and rural infrastructures and other expenditures have dictated governments at all levels and world over to raise funds through taxation. In Nigeria, Lagos State Government passed into law land use charge on properties within its territory to increase internally generated funds. This paper assessed the provisions of the law and determined the effects on stakeholders. In doing so, a process of inferences, interviews and evaluation of the law were carried out. The study found great disadvantages of the law, and recommended appropriate basis to determine fair and equitable charge.
Key words: Landlord, land use charge, property tax, property value, tax law, tenant, Lagos state.