Business Daily | by Patrick Alushula
National Treasury is seeking to overhaul the 1956 property valuation laws in bid to determine new land rates and bring more property owners across counties into the tax bracket.
In recently published tender documents, the Treasury wants to hire a consultant to develop a draft national rating legislation to replace the outdated Valuation for Rating Act of 1956 and the Rating Act of 1963.
Treasury says the project is part of its efforts to enhance county governments’ own source revenue which hit four-year low of…
