International Journal of Innovative Research and Knowledge


Volume-4 Issue-1, January 2019




Title: AN EVALUATION OF THE PROPERTY VALUATION PROCESS FOR LOCAL GOVERNMENT PROPERTY TAXATION, NAIROBI CITY KENYA

Author: Lucy Nyabwengi, Dr. O. A. K’Akumu & Dr. Mary Kimani

ABSTRACT

This study evaluates the valuation process for property taxation in Nairobi City County. Valuation process is an important element of the property tax administration process because it links the market value of the property with the tax paid. Where the valuation process is unable to capture the full market value of the property, the local authority does not get adequate revenue from property taxation. Literature review of best practices in property valuation process in the world was done.  Data was gathered through interview of officials in the Land Valuation Directorate of Nairobi City County to evaluate the property valuation process. Documentary search was also done of the valuation process in the County. Data analysis was done through thematic analysis. The study established that Nairobi City County relies of parcel-based valuation method to value properties in the City and has not yet adopted mass valuations, it uses outdated valuation registers that are over thirty years old and does not carry out regular revaluations, there is no independent body that monitors the valuation process in the County. The existing legislation has not promoted best practices in the valuation process.  All these issues have resulted in the County not fully exploiting the revenue potential in property taxation in Nairobi City.


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IJIRK DESCRIPTION

ISSN: 2213-1356

Publisher: Scholar Touch Publishers

Area/Scope: Business, Economics & Management; Social Science, Literature, Arts & Humanities; Engineering & Technology; Life Science & Physical Science, Health & Medical Science

Frequency: Monthly

Format: Online & Print

Language: English

Review Process: Double Blinded

Access: Open Access