STAKEHOLDERS’ PERCEPTION OF THE LAGOS STATE LAND USE CHARGE ASSESSMENT METHOD

Ayedun, C. A. and SULAIMAN, I.B. and ALIMI, R.A. and Akinjare, O. A. (2022) STAKEHOLDERS’ PERCEPTION OF THE LAGOS STATE LAND USE CHARGE ASSESSMENT METHOD. International Journal of Social Sciences and Management Review, 5 (1). pp. 88-111. ISSN 2582-0176

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Abstract

Land Use Charge is one of the sources through which Lagos State Government is using to generate revenue internally by taxing both commercial and residential properties in the State in a bid to fund the provision of infrastructural facilities and other services within the State. Land Use Charge is a form of property taxation that was first enacted in 2001 and reviewed in 2018 in a bid to make the law more effective. This study was set out to ascertain the perception of the stakeholders on the operation and incidents of the Land Use Charge as currently being implemented by the Lagos State Government. To achieve the aim of the study, data were obtained through structured questionnaires administered on Sixty-one (61) respondent Estate Surveyors and Valuers and One Hundred and fifty (150) Residents within the study area. The data obtained were analysed with the aid of simple statistical tools such as frequency, percentage and relative importance index. The study revealed the current basis of assessment to be grossly inequitable as a form of taxation and amounts to double taxation on the part of the taxpayers. The study also revealed the current basis of assessment as being responsible for the increase in the tenants’ rents. In conclusion, the study recommends the urgent need for the law to be reviewed and the new basis of assessment to be on the net annual income received from a property on an annual basis and the need for collaboration by the State Government with the Nigerian Institution of Estate Surveyors and Valuers (NIESV) in order to come up with more equitable law regarding Land Use Charge in the State which will ensure that tax is equitable and is carried out in line with current economic realities of the property market as a whole in the country.

Item Type:	Article
Uncontrolled Keywords:	Land Use Charge, Evaluation, Estate Surveyors and Valuers, Lagos State
Subjects:	T Technology > T Technology (General) T Technology > TH Building construction
Divisions:	Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User:	AKINWUMI
Date Deposited:	18 Oct 2022 10:31
Last Modified:	02 Nov 2022 21:22
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/16349

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