Ekiti Introduces Compulsory Property Tax

 Ekiti Introduces Compulsory Property Tax

The Ekiti State government introduced a compulsory payment of Property Tax by landlords and landowners in the state.

According to the state government, taxation is part of the measure to boost its Internally General Revenues (IGR).

The Chairman of the Ekiti State Internal Revenue Service, Mr. Muyiwa Ogunmilade disclosed this in a statement made available to newsmen in Ado Ekiti, on Sunday.

The statement read in part:

“The LUC is an annual tax, payable in respect of all real estate property situated in Ekiti State, including ordinary parcels of land and with improvement except those exempted under the Law.”

“Owners are expected to pay the LUC for their respective properties, or alternatively the tenants may pay and get reimbursement from the owners of the properties.”

“For accurate charges to be arrived at, property identification officers or assessors have begun the process of enumeration of all properties in our state and this will provide proper guide for the government, because you have to pay based on the property owned.”

“I appeal to our people to cooperate with the property identification officers in the course of discharging their duties by providing access and accurate information about their property”, he said.

Ogunmilade further stated that  the Ekiti State Property Tax Law  is backed by the State Land Use Charge Law No 3 of 2013, and  comprises payment on ground rent, tenement rates and neighbourhood improvement levy.

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