PROPERTY TAXATION AS IT RELATES TO THE RIVERS STATE GOVERNMENT

ESV ANYANWU IJEOMA C

Tax is a charge by the Government on a person, corporations, Estates and Trusts for the purpose of raising money for government expenditure.

Port Harcourt is the State Capital of Rivers State and the Primary hub of government economic and social activities for the state. It is also the operational base of numerous multinational.

Companies in the oil and Gas Industry resulting in designed and around the garden city concept consisting of a central business district surrounded by residential and suburban area with open space.

The assigned property tax assessment area, zone B with the Port Harcourt Metropolis is predominately planned and comprises low, medium and high Density.

The component of property Tax Assessment as follows;

Reconnaissance of Zone B
Logistic/Strategy
Distribution of property Tax Notice letter
Issuing of Demand Notice
Weekly Report.

Aim of property taxation is to emphasize the significance of property taxation in generating reliable revenue for Rivers State.

The objective

To put possible solution and recommendations for an efficient and effective taxation system in Rivers State.
To highlight the constants and opportunities of property tax administration in Nigeria.