By Chola Mwamba
The Lusaka City Council (LCC) has sanctioned the proposed Supplementary Valuation Roll No. 1 of 2019.
A valuation roll, also termed a property valuation roll or assessment roll, catalogues all properties within a specified jurisdiction such as a city, town, or municipality alongside their assessed values for taxation purposes.
Utilised by local government authorities (councils) to ascertain property taxes due from property owners, this valuation roll is pivotal for revenue collection.
The document comprehensively enumerates 57,577 properties spanning commercial, residential, industrial, institutional, and agricultural sectors within the district.
Following this valuation roll, the Local Authority forecasts a collection of K20,673,932.10 in property rates. Residential properties are projected to contribute the lion’s share of approximately K15,931,573.10.
The formulation of the LCC supplementary Valuation Roll of 2019 adheres to Section 3 of the Rating Act No. 21 of 2018.
Property rates are integral to the Local Authority’s revenue stream, forming a substantial part of its financial inflow.
Hence, the cooperation and backing of all stakeholders are imperative for the Local Authority to persist in delivering services. The collective effort ensures the sustenance of community infrastructure and amenities.
