Type to search

News

Small Land Owners Hit Hard by New Levies

Author 1 year ago
Share

By Moses Adongo

Kiambu County government has reviewed land rates by up to 300 percent for homeowners. The county government will also start targeting holders of agricultural land.
The new levies will see stand-alone homes pay between Sh5 and Sh12 per square meter every year. The new rates which will depend on the location of the property, represent growth from between Sh2 and Sh3.
Owners of rental apartments will have to part with between Sh10 and Sh12 translating to an increase of 35% from the previous Sh8.
While commercial building owners were spared in the new levies, manufacturers will pay Sh2 more on the Sh8 the paid previously.
The new rates will not spare owners of agricultural lands who did not pay any levies. Owners of less than 5 acres of land will start paying Sh2,000 per acre while those holding at least 20 acres will start paying Sh800 annually.
“Agricultural land within the municipalities of Kiambu, Karuri, Kikuyu, Ruiru, Thika and Limuru (excluding Ndeiya. Nachu and Lari sub-county), shall be subject to flat area rate as follows,” says the notice.
The new changes contained in the latest Kenya Gazette notice will shift the focus of Governor Ferdinand Waititu who during his campaigns, had promised to cut the higher levies as set by his predecessor William Kabogo.

Story Source

Follow us on Twitter  Facebook

 

Kenya2uhub offers good deals in the following properties:

  • Mnarani GreenPark in Kilifi @ Ksh12.5M
  • Intercity Gardens in Kitengela@ Ksh1.895M
  • Tinga Springs in Kajiado @ Ksh99,000
  • Ruaka Ridge homes in Ruaka @ Ksh7.1M
  • Grey Oak property in Nanyuki @ Ksh350,000
  • Grey Oak property in Athi River @ Ksh450,000
  • Blue Bells Apartment along Beijing Road @Ksh7.4M
%d bloggers like this: