Challenges associated with property rating in Nigeria Department: Estate Management By: peterjohn Project ID: 2065 Rating: (3.1) votes: 16Rate this project12345 Price:₦1000 Get the Complete MaterialAbstractProperty rating is not a new phenomenon in history it is as old as a man himself. The payment of tax was originated as man learned to live together in an organized community. In Africa society, for instance, grown-up males are often participating in communal labor to maintain the pathway leading to the village, farm kinds, construction of roads, public square. In view of the above historical facts, Abeokuta North Local Government Area is been involved in the course of rating exercise. This was backed up by the tenement rate edict of 1995, an edict that makes provision for the levying and collection of tenement rate on properties in Ogun State. The effective year that the local government understudy started the exercise was 1996, while they did re-assessment in 1995, up till date. The local government is responsible for the collection of the tenement rate but they are proposing to give it to a quality estate surveyor and valuers who are capable to collect the rates. This study is meant to confirm the challenges of property rating within the period of 1996 till date as well as to evaluate some of the benefits and problems confronting the success of rating exercise and the importance of property rating which make it serves as a durable source of revenue to the local government. ...Preview Download Preview +Other Estate Management project topics and materials you might be interested in»Effect of building material cost on housing development in Nigeria»Effects of obsolescence on residential properties (a case study of Oparanozie street in Owerri, Imo state) »An assessment of residential housing problem in the urban areas of Nigeria (a case study of Umuahia urban)»Effect of environmental pollution on real estate development (a case study of Warri, Delta state)»Recreational Property Development in Owerri Imo State ( A Case Study of Owerri Municipal )»Problems of urban land management (a case study of Owerri capital territory) »Challenges associated with the valuation of specialized properties»Challenges associated with real estate investment in Enugu, Nigeria»The effect of oil spillage on residential property investment (a case study of Oyibo in Rivers state) »Effect of location on rental value of commercial property - a case study of Bida metropolis»The economic implication of multiple hostel accommodation in tertiary institution in Nigeria (a case study of federal polytechnic Nekede, Owerri) »Impact of land use act on property development in Nigeria»Comparative analysis of the impact of infrastructural facilities on the value of properties»Land use regulations and its effects on land development»The impact of Akwa ibom state university of science and technology on social development of mkpat enin L.G.A Akwa ibom state