Property owners in Nairobi will from January pay up to double the current land rates as City Hall seeks additional levies from landowners to match the rally in land costs over the past 42 years.
City Hall yesterday issued a notice that the new rates, which were approved in the Finance Act for the year to June 2022, will apply from the start of the year. The new rates would be based on 0.115 percent of the current value of undeveloped land, setting the stage for costly levies and possible rise in rent as landlords move to recover the additional costs.
