No rates are doubling- Sakaja dismisses reports of increase in land rates.
Nairobi county governor, Johnson Sakaja has dismissed claims the lands rates will hike come next year January.
Nairobi’s first in command said that they will only a valuation roll at the city hall where rates are at 0.115 per cent of the unimproved site.
A valuation roll is a public legal document that has property information of all ratable properties
Sakaja said,”No rates are doubling. We are simply adopting the new valuation roll and rates are at 0.115% of the unimproved site value. (The last valuation was 1980).”
“This means there is only a slight increase from what residents have been paying,” he added.
This comes after reports circulated on the media saying Nairobi land owners will have to dig deeper into their pockets bacause the rates are hiking.
Currently, Property owners pay the land rates at 25 per cent of the unimproved site value (USV) based on the 1980 valuation roll, which City Hall estimates has seen a decline on the appreciation of plots.
However, Nairobi City Finance Bill, 2021, land rates will be charged at 0.115 per cent of current property value, setting the stage for costly levies.
This means that agricultural, commercial and residential plots in accordance with the 2019 draft valuation roll, will pay 0.115 per cent of USV per year based on new rates.
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