Article: Properties taxes can boost county revenues – Gatuyu Justice

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Share      [Source: Business Daily, by Gatuyu Justice] One of the prerequisites of successful devolution in Kenya is financial stability of county governments. This would enable them to efficiently discharge their functions. There are five main funding streams for counties. These include equitable share of revenue raised nationally, conditional and unconditional grants from national government, equalisation fund…


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City Hall caps land rates at 1pc of property value (Nairobi County)

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Share      [Source: Business Daily, by John Mutua] City Hall will cap the new land rates at one percent of the current value of plots as opposed to using the 1980 valuation, raising property fees for some Nairobi landlords. Nairobi Monday said new rates will be based on the current value of undeveloped land as City Hall…


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All county land set to be taxable

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Share      [Source: Business Daily, by Brian Ngugi] Property owners face new taxes as counties eye more revenue in line with a policy unveiled by the Treasury. The policy to support enhanced devolved revenue calls for new valuation rolls for land and was prepared by counties with oversight of the National Land Commission (NLC) in consultation with…


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Assembly allows sale of a controversial parcel of public land (Murang’a County)

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Share      [Source: The Standard, by Boniface Gikandi] A piece of land at the centre of a pricing dispute between Governor Mwangi Wa Iria and the Senate will now be sold. The county bought the 34.9 acres for Sh340 million, five years ago to put up an industrial park. It stirred a controversy between Governor Wa Iria…


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Landowners in Nyeri to pay new rates after completion of valuation

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Share      [Article source: The Standard, by: Lydiah Nyawira] The Nyeri County government is reviewing land rates through the preparation of a fresh valuation roll to allow for adjustment of rates paid by landowners to the county. Lands Executive Daniel Kwai yesterday said the process kicked off early this year. “The last time there was a comprehensive valuation…


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