The Minister of Lands and Pure Assets, Samuel Abdulai Jinapor, has disclosed that the federal government is within the means of rolling out a brand new coverage on property charges in order that applicable charges could be charged on each construction.
Mr. Jinapor mentioned the method required multi-sectoral efforts and that his Ministry would collaborate with the Ministry of Native Authorities and Rural Improvement to promulgate a legislative instrument that might make sure that land is taken into account a significant ingredient in evaluating the worth of any property within the nation.
The Minister of Lands and Pure Assets, Samuel Abdulai Jinapor, defined that the legislative instrument and coverage on property charges will guarantee fairness in property valuation.
The Minister mentioned the non-inclusion of land within the valuation of buildings or buildings is unfair and can’t be allowed to proceed.
“You worth the property primarily based on the construction and never the worth of the land. So the worth of the land is totally discounted, and it doesn’t get into the valuation, and the federal government thinks that could be very inequitable and really unfair.”
“So I’m within the means of triggering the mandate of the Minister for Native Authorities and Regional Reorganisation to have the authorized mandate to promulgate a Legislative Instrument which is able to get lands as an element of valuation.”
What’s the Property charge?
Property tax in Ghana is named property charge. It’s administered by the Metropolitan, Municipal or District Assemblies.
A property charge is the sum of money in cedis the Metropolitan or Municipal Assemblies costs in your property every year.
It’s the product of the worth of your property and a charge impost.
