Court stops Mombasa County from hiking property rates

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Share      [Source: Daily Nation, by Philip Muyanga] A decision by Mombasa County Government to increase property rates from January this year and to amend a Valuation Roll has been suspended. Justice Sila Munyao of the Environment and Land Court also issued an interim order restraining the county government from demanding or invoicing in any manner from…


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Article: Top reasons real estate increases in value – Gitonga Muriithi

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Share      [Source: Business Daily, by Gitonga Muriithi] Real estate is probably the single largest investment in the portfolio of every family across the globe. Most middle-class families invest the maximum amount of money in their residential homes.In many parts of the world, this is reinforced by the fact that houses have exponentially risen in value. Stories…


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NLC acquired Integrity Centre without valuation (Nairobi County)

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Share      [Source: Business Daily, by Edwin Mutai] Taxpayers may have lost millions of shillings on National Land Commission’s (NLC) failure to involve the State valuer in the compulsory acquisition of the Sh1.52 billion Integrity Centre Building. The latest audit shows that the department of Land Valuation in the Ministry Land, which is mandated to determine appropriate…


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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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