Homeowners to start paying land rates beginning January 2024
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Nairobi apartments/ homeowners to pay land rates beginning January 2024 according to the Sectional Properties Act
Nairobi apartments/ homeowners to pay land rates beginning January 2024 according to the Sectional Properties Act.
The county of Nairobi has declared that beginning of January 2024, all homeowners in Nairobi, including those who possess title deeds for apartments in multi-story structures, will be obliged to pay land rates.
This is according to the Sectional Properties Act, already in effect, which requires apartment owners to pay land rates even when they own units in-story buildings.
“Unit owners who have titles for their units ought to pay rates to the county because they are registered titles,” said Stephen Mwangi, the county executive for built environment and urban planning. Those living in apartments will be required to pay land rates for common areas, including lifts, playgrounds, and swimming pools.
Mwangi said that the county has no plans to overtax its residents in areas where the land rates are very high.
“The values of land in Nairobi, if you look at some areas, they are quite high, so the government is sensitive. It does not want to over-tax its citizens.
We have gone down to a very reasonable percentage so that you are paying almost similar to what you were paying before,” said Mwangi.
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The move by Nairobi County comes in an effort to bolster revenue collections, having collected just 7% of the target revenue in the concluded financial year.
The land rates to be paid will be determined based on the size of the apartments and the location.
The county has adopted a new land valuation system which has seen the value of land increase significantly in many areas.
In Karen, an acre is valued at KSh 20 to 35 million, KSh 40 to 200 million in Westlands, and KSh 200 to 300 million for an acre in Upperhill.
In other parts, an acre is valued between KSh 25 million and 200 million in the Mihango, Ruthimitu, Waithaka, and Pumwani areas.
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