Property Rating Valuation

Property Rating Valuation

Property Rating Valuation is essential in any nation for developmental process and economic stability. Presently, yield form of urban property taxes in developing countries are extremely low as its contribution to the overall public tax net is negligible. To ensure effective property tax policies in our country, there is a needed for the government to look into a more aggressive documentation of land transaction to enhance a vibrant land administrative structure.

Furthermore, for property rate to be determined, there are standard methods of valuation to be adopted which includes;

• Depreciated Replacement Cost
• Profit Method.
• Comparison