Mustafa Ongom, the Zombo district secretary of finance, planning and administration said they project to collect over 4.9 billion shillings from property rates to expand the local revenue base for the district.
Zombo district authorities have
embarked on mobilizing and sensitizing local residents on property rates ahead of its roll out.
The move follows the approval of
the property valuation roll, a legal document that consists of property
information of all the registered properties by the district council.
According to the approved property valuation
roll, a total of 1,702 properties have been assessed and valued across the 15
sub counties and Town councils in the district to be taxed in the next five
years.
Mustafa Ongom, the Zombo district
secretary of finance, planning and administration said they project to collect
over 4.9 billion shillings from property rates to expand the local revenue base
for the district.
According to Ongom the new property rate was made possible
with support from the United Nations Capital Development Fund and Development
Initiative for Northern Uganda (DINU) programme.
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Meanwhile, Saddiki Onencan, the chairperson of finance,
planning and administration committee explains that approved 5 percent as the
rateable value of a property following a thorough analysis of the income levels
of the local community. He further noted that they have already commenced with
the sensitization of taxpayers on the benefits of paying taxes promptly, as
they move to roll out the property rate tax.
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Records from the finance, planning and administration
committee Zombo district projected to collect shillings 1.2 billion in the
2022/2023 financial year, but managed to collect shillings 1.1 billion by June,
30, 2023 indicating a 92 per cent local revenue performance.
Section 3(1) of the Local Government Rating Act (LGRA) 2006,
provides that every local government shall levy such rates as it may determine
on the basis of the rateable value of any property within its jurisdiction.
Property rate tax which is payable by owners of property within a local government jurisdiction is normally based on the assessment of reteable
value determined by a valuation surveyor approved under the laws of Uganda.
