{"id":9602,"date":"2018-03-26T17:38:09","date_gmt":"2018-03-26T16:38:09","guid":{"rendered":"https:\/\/www.tolet.com.ng\/blog\/?p=9602"},"modified":"2018-03-26T17:40:36","modified_gmt":"2018-03-26T16:40:36","slug":"land-use-charge-made-simple","status":"publish","type":"post","link":"https:\/\/propertypro.ng\/blog\/land-use-charge-made-simple\/","title":{"rendered":"Land use charge 2018 made simple"},"content":{"rendered":"

The signing into effect of the amended Lagos Land Use Charge Law, 2018 replaces the \u00a0Land Use Charge Law, No. 11 of 2001. The charge is payable on all property except those exempted under Section 12 of the law. The exemptions include property owned and occupied by a religious body and used exclusively as a place of worship or religious education. Other exemptions include public cemeteries and burial grounds as well as property used as a registered educational institution certified by the commissioner of finance to be non-profit making, palaces of recognized traditional rulers in the state, and any property specifically exempted by the governor by notice published in the state official gazette.<\/span><\/p>\n

MINI FLAT FOR RENT IN SURULERE<\/strong><\/a><\/p>\n

The new law further provides that exempted property becomes subject to land use charge if the use of such property changes to one that does not qualify for an exemption. The land use charge payable on any property is arrived at by multiplying the market value of the property by the applicable relief rate and annual charge rate. Below is a scenario computation of the Land use charge<\/span><\/p>\n

\"\"<\/p>\n

\"\"<\/h2>\n

Groups & Keys<\/b><\/h2>\n

The values are grouped into six namely: Details, Charge rates, Gross Land Use Charge value, Additional discount by Lagos State Government, Net Land Use Charge value per annum and Net Land Use Charge value per month. Letters of the alphabet are used as keys for each group. The keys are from letter <\/span>A<\/b> to <\/span>R. <\/b><\/p>\n

Details:<\/span><\/h3>\n

A<\/b> represents <\/span>property value<\/b><\/p>\n

B <\/b>represents <\/span>general relief<\/b><\/p>\n

C<\/b> represents<\/span> assessable property value<\/b><\/p>\n

1 BEDROOM FLAT FOR RENT IN PORT HARCOURT<\/strong><\/a><\/p>\n

Charge rates:<\/span><\/h3>\n

D <\/b>represents <\/span>owner-occupied<\/b><\/p>\n

E <\/b>represents \u00a0<\/span>owner-occupied+commercial<\/b><\/p>\n

F <\/b>represents <\/span>commercial only<\/b><\/p>\n

Gross Land Use Charge value:<\/span><\/h3>\n

G<\/b> represents <\/span>owner-occupied<\/b><\/p>\n

H \u00a0<\/b>represents <\/span>owner-occupied+commercial<\/b><\/p>\n

I<\/b> represent <\/span>commercial only<\/b><\/p>\n

Land for Sale in Enugu<\/strong><\/a><\/p>\n

Additional discount by Lagos State Government<\/span><\/h3>\n

J<\/b> represents <\/span>owner-occupied<\/b><\/p>\n

K \u00a0<\/b>represents <\/span>owner-occupied+commercial<\/b><\/p>\n

L<\/b> represents <\/span>commercial only<\/b><\/p>\n

Net Land Use Charge value per annum<\/span><\/h3>\n

M<\/b> represents <\/span>owner-occupied<\/b><\/p>\n

N \u00a0<\/b>represents <\/span>owner-occupied+commercial<\/b><\/p>\n

O<\/b> represents <\/span>commercial only<\/b><\/p>\n

MINI FLAT FOR RENT IN OGBA<\/strong><\/a><\/p>\n

Net Land Use Charge value per month<\/span><\/h3>\n

P<\/b> represents <\/span>owner-occupied<\/b><\/p>\n

Q \u00a0<\/b>represents <\/span>owner-occupied+commercial<\/b><\/p>\n

R<\/b> represents <\/span>commercial only<\/b><\/p>\n

 <\/p>\n

The formula for the keys<\/b><\/h2>\n

C<\/b>= (A)x(1-B)<\/span><\/p>\n

G<\/b>=(C)x(D)<\/span><\/p>\n

H<\/b>=(C)x(E)<\/span><\/p>\n

I<\/b>=(C)x(F)<\/span><\/p>\n

LAND FOR SALE IN IKORODU <\/strong><\/a><\/p>\n

M<\/b>=(G)x(J)<\/span><\/p>\n

N<\/b>=(H)x(K)<\/span><\/p>\n

O=<\/b>(I)x(L)<\/span><\/p>\n

LAND FOR SALE IN LEKKI PHASE 2<\/strong><\/a><\/p>\n

P<\/b>=(M)\/12<\/span><\/p>\n

Q<\/b>=(N)\/12<\/span><\/p>\n

R<\/b>=(O)\/12<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The signing into effect of the amended Lagos Land Use Charge Law, 2018 replaces the \u00a0Land Use Charge Law, No. 11 of 2001. The charge is payable on all property except those exempted under Section 12 of the law. The exemptions include property owned and occupied by a religious body and used exclusively as a …<\/p>\n","protected":false},"author":24,"featured_media":9604,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[38,30,467,32],"tags":[2181,2415,2414,2412,2413,2189,2416],"class_list":["post-9602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-ask-us","category-real-estate-advice","category-real-estate-news","tag-2001-lagos-state-land-use-charge","tag-how-to-pay-land-use-charge-in-lagos","tag-lagos-land-use-charge-2018","tag-lagos-land-use-charge-online-payment","tag-land-use-charge-contact","tag-land-use-charge-law","tag-land-use-charge-law-2018"],"_links":{"self":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/9602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/comments?post=9602"}],"version-history":[{"count":5,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/9602\/revisions"}],"predecessor-version":[{"id":9612,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/9602\/revisions\/9612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media\/9604"}],"wp:attachment":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media?parent=9602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/categories?post=9602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/tags?post=9602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}