Sakaja dismisses reports Nairobi land rates are set to double from January – The Star Kenya
•A valuation roll is a public legal document containing property information of all ratable properties
•Property owners pay land rates at 25 per cent of the unimproved site value (USV) based on the 1980 valuation roll
Nairobi governor Johnson Sakaja has dismissed reports that land rates in Nairobi are set to double from January.
Sakaja has instead said city hall is only adopting a new evaluation roll where rates are at 0.115 per cent of the unimproved site.
“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),” Sakaja said in a tweet on Saturday.
“This means there is only a slight increase from what residents have been paying,” he added.
The governor was reacting to a media which had said that property owners might cough more from January in land rates in new charges being implemented by the city hall as per the latest assets valuation.
Property owners pay land rates at 25 per cent of the unimproved site value (USV) based on the 1980 valuation roll, which City Hall estimates has seen it lose on the appreciation of plots.
However, as part of new charges contained in the 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.
Highlighted in the 2019 draft valuation roll, the administration had considered 0.1 per cent and 0.115 per cent of present value before settling on the latter.
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.
A valuation roll is a public legal document containing property information of all ratable properties.
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