EXAMINATION OF THE CHALLENGES OF PROPERTY RATING ADMINISTRATION IN NIGERIA
ABSTRACT
Property rating administration for long has being a problem in Nigeria, as its faced by Estate Evaluers, landlords and even tenants due to inadequacies that exist in property laws in the country. This research has sort to discus this challenges, as it highlights possible ways the government, public enterprises can help stop such administrations that are not favorable to the masses, especialy those in Abuja municipal.
CHAPTER ONE
1.0 Introduction
The creation of more state in Nigeria in 1976 gave rise to new urban centres, the rapid growth of which increased the need to finance the provision of public utilities. One of the major sources of finance is real estate taxation. Property tax reform is one of the alternatives proposed as a means for raising increased revenue to meet the financial needs of cities in less developed countries. Property rating is employed in Nigeria at the local government levels to raise revenues for public purposes. Rates are levied not on the nation as a whole but on a particular locality that is deemed ripe for the imposition of rates and with the consent of parliament. This consent is not given on every occasion of rate collection. The power is general one, given by statute without restriction and for all times.
The general lack of interest on the part of the property ratepayers and the reluctance of some assessment jurisdictions to disclose information, the property rate administration is often surrounded in mystery. This centres on the fact that the core of property tax (rate) administration is the value of each taxpayer’s property, so that each taxpayer will bear fairly his proportional part of the overall tax levy. Property owners have a right to know the approximate, fraction of estimated market value that is being used for tax (rating) assessment purposes.
If the local government have to exist and to viable as the third tier of government they must surely need some local revenue in order stand firmly property rating is the most obvious source of such revenue. Property rating not only helps in influencing development but is also the major source of local government revenue used in defraying the cost of services rendered by local government includes, inter-alia, parks, burial grounds, registration of marriage, death and birth.
It is important to note that rate is a form of tax, hence the use of property rate and property tax is interchangeable, although there is a slight difference between rate and tax, beside that rate is a form of tax, while in rating the amount of revenue required by a rating authority is first decided and then distributed among the rate payers according to a pre-fixed standard in other kind of tax the exact amount to be generated at the time of imposition is unknown.
1.1 Background Of Study
From investigation and empirical data on property rating in general and in Abuja in particular, one observes a gold mine with proper handling waiting to be exploited as can seen in Abuja, therefore the aim of this paper to examine the administration of property rating in the state, how well informed the rate payers are, their attitudes, improvement in the system, how well the system has been paying off, and of course, a critical appraisal of the system.
The purpose of this paper is to study and identify the sources of local government finance, its problems, methods of property assessment as provided in some rating laws/Edicts, the impact of control of rent edict on property assessment, prospects of property rating and make recommendations not only on how best to expand the local government financial base with particular reference to property rating system but also on how best to implement the rating in the country. The purpose also includes the prospect of site value rating as a means of boosting the local government finance.
1.2 Statement Of The Problem
The local government reform law gave the function of rate collection to the local authorities. The valuation unit in Abuja was staffed by civil servants. The unit organized tenement rating and prepared valuation list which were after due procedure sent to the rating authority to serve demand notices and collect tenement rates.
One of the greatest rating problems in most rating authorities is the problem of collection. The weak or ineffective administration has resulted in a high rate of default. For example in 2013/15 the whole of Abuja north 21% of the estimated rate revenue was collected. Some rating authorities are now embarking on a commission basis.
In collation with this, most property owners in Abuja are illiterates and do not know their rights. Most of them do not know why they should pay property rate at all. Added to this ugly situation is the ambiguity mounted by the assessors (valuation officers) in their notice to the property owners indicating the assessed value thereof. They only show the assessed annual value with out signifying the actual rate payable. When most of landlords see these, they simply deafen their ears, and blatantly refuse to pay, misconstruing the annual value as the rate payable value. They are only brought to attention of this premise by litigation, which is not the best interest of the local government, the cost and time consummations.
Another factor is how to equate the rating burden of the property owners in the locality with the value of services provided by the government activity. Implicit in this problem is the question of how to improve the current deplorable situation and weakening rural development programs via sound administration of property rating revenue.
1.3 Objectives Of The Study
The main objective of this study is to examine the challenges of property rating in Nigeria, from the introduction of property rating in the local government is to raise revenue from the source. Revenue, thus generated are utilized by the local government where the tenements/properties are located to provide essential service which the government grants cannot easily take care of.
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
Examination of the Challenges of Property Rating Administration in Nigeria can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
Disclaimer for Complete Material Utilization
The displayed research work titled "Examination of the Challenges of Property Rating Administration in Nigeria" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can this topic “The Impacts of Radio in Sports Development in Nigeria” be used for Environmental Science Project?
Yes it can be utilized for research — This study appraised the relevance of radio broadcast towards sport development in Nigeria. Survey research design method was adopted for the collection of the data for this research. The population size is the entire student of the Ibarapa Polytechnic, Eruwa while four departments in the Institution were randomly selected as the sample size of the population. In all 100 respondents were used in the process. …
Is the topic “The Impact of Human Capital on Economic Growth in Nigeria (1981-2016)” recommended for Economics Project?
Yes it is highly recommended — The study examined the impact of human capital and physical capital on economic growth in Nigeria between 1981 and 2016. In specific terms, the study investigated the extent to which government expenditure on education and health and gross capital formation influenced economic growth in Nigeria. Human capital is instrumental in tackling poverty and unemployment, promotes economic growth, and equips the labour force with modern skills and competencies. Contemporary discussions on human capital and economic growth are dominated by three theories namely human capital theory, modernization theory and dependence theory. The theoretical underpinning of the study is predicated on the augmented Solow growth model. The Solow growth model posits that national output (Y) is driven by technical progress (A), physical capital (K) …
Can the material for “A Study of the Challenges in the Training and Education of Library and Information Science Students in Nigeria” be used as a guide for Education Project?
Yes it can be used — The study of the challenges in the training and education of library and information science students is psychological. It is against this that the researcher sees the subject matter worthy of investigation to examine how the challenges pose a threat on the effective training of students of library and information science. …
Is the topic “The Impact of Industrial Conflict on the Marketing of Banking Services in Nigeria” recommended for Banking and Finance (BF) Project?
Yes it is highly recommended — It identifies the labour market and other factor largely outside the control of the individual employers. Industrial activities deals with success in the industrial relation is legally based on the knowledge on employees expectation, knowledge of development else where the current weakness and strengths of subject and negotiation on by the management due to failure on trade union on negotiation called for concern and this essence of the study. Its spread and increase view on population in banking service in an industrial environment an emphasis is research work strategically on first bank of Nigeria The methods of data collection for this project are through: questionnaire, personal interview, observation while the data collected were analyzed with the use of Chi-square in …
Is the topic “Debt and Credit Recovery in Financial Institutions” recommended for Banking and Finance (BF) Project?
Yes it is highly recommended — The purpose of this study is to evaluate the impact of Credit and Debt recovery Department in financial institution. It is also meant to assist the investment Company to identify some of its problems with a view to proffer a solution. Chapter two of this project reviewed some of the literatures that have been written about credit, debt recovery and its impact on organization, particularly an investment as all their transaction involves cash and credit facilities. In Chapter three, emphasis is placed on the various techniques adopted by the researcher for data collection as well as describing the population used in the research work. Both primary and secondary data collection methods, such as questionnaire and documentary evidence were applied for …
Can the material for “An Analysis of the Causes of Students Poor Performance in Typewriting and Shorthand” be used as a guide for Education Project?
Yes it can be used — This study investigate student’s poor performance in shorthand and typewriting, causes and suggested remedies, and a comparative study of three selected educational tertiary institutions in Enugu College of Education Metropolis was undertaken with a prime objectives on how to improve student’s poor performances in shorthand and typewriting. This focus is in the areas of taking down notes speedily as well as transcribing and producing accurate neat work in both academic and office works. In order to get genuine facts and information, related literature were reviewed, eliciting views and opinions of different specialists and experts. In addition, some selected institutions were sampled and a total of 133 copies of the questionnaires were administered to both students and lecturers. During the course …
Can the material for “Security Implications of Boko Haram Insurgency for Nigeria and Niger Republic Diplomatic Relations (2009-2015)” be used as a guide for Political Science Project?
Yes it can be used — This study examines the Security Implications of Boko Haram Insurgency for Nigeria-Niger Republic Diplomatic Relations. The dissertation deploys the linkage theory to posit in its key argument that there is a connection between the spread of Boko Haram insurgency from Nigeria to Niger Republic and the responses of the two countries toward each other in tackling the insurgency collectively. Data were collected basically from in-depth interview from the Embassy of the Republic of Niger, Abuja, West African Affairs Division of the Ministry of Foreign Affairs of Nigeria, Abuja and analysed thematically as they relate to the research objectives by qualitative data analysis. It was discovered that despite the spread of Boko Haram insurgency and the challenges encountered in the course …
Can the material for “Effects of Small and Medium Scale Business on Economic Development” be used as a guide for Business Administration and Management (BAM) Project?
Yes it can be used — The purpose of this research work is to critically assess the extent of which small and medium scale business is used as an instrument for economic development of small and medium scale business were thoroughly in the study of dissertation. The research applied the use of survey methods in carrying out the research design and simple percentage was used to analyze data collect. The preceding analysis has revealed that small scale business has a vital role in the development of Nigeria economic and through their wide dispersal. They should provide an effective means of mitigating rural urban migration and resources utilization. And this also will contribute in strengthening industrial linkages by producing intermediate products for use in large enterprise in …
Can the material for “Design and Implementation of Online Diagnosis Prescription System for Breast and Prostate Cancer” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Expert system for diagnosing of breast and prostate cancer is an automated system that will aid in diagnosis of both prostate and breast cancer in federal medical center owerri. Detecting diseases at early stage can be overcome and treated appropriately making use of this system. Identifying the treatment accurately depends on the method that is used in diagnosing the diseases. A Diagnosis system can help a great deal in identifying those diseases and describing methods of treatment to be carried out taking into account the user capability in order to deal and interact with expert system easily and clearly. This project work presents an expert system for diagnosis of breast and prostate cancer based on expert system techniques (EST). The …
Can the material for “The Role of Gender in Administrative Positions in Nigeria Public Sector” be used as a guide for Sociology Project?
Yes it can be used — Nigerian public sector industry has long been the exclusive realm of the Nigeria men. This is as a result of the prevalent view in the world that women are subordinates, as a result of which certain jobs were not meant or seen as appropriate for them. Another general assumption is that women are less-educated, lack of the will to coordinate, lack the motivation to achieve, always less-concerned, more committed to their role as women/mother than Jobs, naturally weak and lazy and do not make good administrators cum managers. A problem this work tend to evaluate, taking cognizance that with more education cum knowledge, women have left the traditional careers open to them and have gone into fields that formerly were …