Property tax is mandatory for landlords and landowners in Ekiti – EIRS

Ekiti State Website – Official Website of the Government of Ekiti ...

In a bid to ramp up the Internally Generated Revenue (IGR) in Ekiti State, the state Government has introduced a compulsory payment of property tax by landlords and landowners in the state. This was made known by the Chairman of the Ekiti State Internal Revenue Service (IRS), Mr Muyiwa Ogunmilade, in a statement on Sunday, 5 July 2020.

According to Mr. Ogunmilade, the Ekiti state property tax law is backed by the State Land Use Charge (LUC) Law No. 3 of 2013, which includes payment of ground rent, tenement rates and neighbourhood improvement levy. He said that this policy has been neglected for a long time.

“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.

In an effort to implement this tax policy, the Chairman said that the EIRS has commenced an aggressive enumeration of all buildings and landed property in over 130 towns in the state for hitch-free implementation of the tax policy.

The statement further reads that:

“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 and this will provide proper guidance for the government because you have to pay based on the property owned.

The Chairman therefore appeals to the people of the state to cooperate with the property identification officers in the course of discharging their duties by providing access and accurate information about their property.

He added that this tax drive would boost the revenue profile of the state and also ensure the capturing of more citizens in the tax net.

According to him, Governor Kayode Fayemi is not happy to impose double taxation or obnoxious tax policy on residents.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Website Powered by

Up ↑

%d bloggers like this: