Roles of Valuation Department
Revenue Generation
This involves the collection of;
- Stamp Duty
- Capital Gains Tax
- Probate
- Premium
- Ground Rent
- Conversion
- Property Tax (Rating)
- Asset Disposal
- Rental for Government Property
Land Acquisition
The Department aids government in valuing land that Government holds interests in and providing a fair market value for compensation purposes.
Functions
- Develop and Implement sound policy and legal framework for valuation services.
- Develop and implement valuation standards and guidelines
- Provide timely and reliable valuation services to Government
