The Lagos State Government has extended the period of payment of Land Use Charge (LUC) to Friday, April 14th, 2017 in order to allow more property owners in the State to enjoy the discount applicable to prompt payment of the bill.
A statement issued by the State Ministry of Finance urged property owners who are yet to make payment to seize this opportunity and benefit from the 15% discount by paying their LUC bill immediately.
It explained that the Land Use Charge which is one of the key generating factors in the Internally Generated Revenue (IGR) of the state is a consolidation of all properties and Land Based Rates and Charges payable under the Land Rates Law, Neighbourhood Improvement Charge Law and Tenement Rates Law in Lagos State.
While noting that the revenue acquired from the charges is part of funds used for the infrastructural development in the state, the statement implored property owners to comply and make prompt payment in order for the State to continue to excel and the citizens to enjoy the laudable programs of Government.
It, however, advised those who have been paying the LUC bills to stop payment of Tenement rate and Ground rent as section 22 of the Land Use Charge Law clearly states that, “On and from the date when land use charge is levied on a property in accordance with the law, the provision of the Assessment law, Land Use Rates Law, Neighbourhood Improvement Charge law and Tenement rates law and any amendment made to it shall cease to apply to the property”.