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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:
wandeoni@yahoo.com. Tel: 234-8023122014.
Accepted 13 October 2009 |
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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. |
