Valuation Roll Kicks Off In Laikipia County
Updated on: Feb 14, 2021
Laikipia County has this year embarked on the process of updating a register on current value on land. On completion of the exercise, the department of Infrastructure and Lands, which is mandated to undertake the exercise will come up with a valuation roll.
The exercise is important as it enable citizens get the true value of their land in case they want to dispose it or charge it in a bank.
What is a valuation roll?
A valuation roll is a legal document that outlines the properties within a countys jurisdiction. It is the document that empowers a county government to value land.
Every county is required to come up with a valuation roll once every ten years. However, the CEC member in charge of a Finance may extend the exercise for a period not exceedingly here years. In Laikipia, the last two valuation roll took place in 1992 and 2008 for Nanyuki and Nyahururu towns respectively.
The exercise of coming up with a valuation roll involves several steps to determine the real value of any land through gauging its current market price. It involves hiring a professional consultant to conduct the exercise in a fair manner.
When calls for application for tenders were made through an open way, Zerith Consultants won the tender and the firm is now involved in coming up with the valuation troll for this year. Several public participations must be conduct to allow members of the public give their views on the rating ad valuation of their land. The first public engagements took place on January 21 this year in 20 different areas running across the county and had more than 1,000 participants.
The three main processes are valuation, approval, and then publishing. The valuation consists of public sensitization, then mapping and survey of the property, followed by preparation of Draft Roll by Zerith Consultants. Public participation for this phase has already taken place.
The Draft Roll is then presented to the CEC in charge of infrastructure to present it to the county executive before presenting it to the county assembly for approval. Another public participation takes place and members of the public are allowed to review the document.
For private land, the period given is 28 days while a public land takes six months before closure of the review window. The consulting firm incorporates the new information and publishes the Approval Roll from the county assembly. This is the final draft, Valuation Roll.
Some of the property classified as not rateable property includes land include:
Public religious worship.
Cemeteries and crematoria.
Public hospitals.
Public educational institutions.
Charitable institutions, museums and libraries.
Outdoor sports.
National Parks and National Reserves.
Contents of the Valuation Roll
During the valuation roll exercise, the vital details that must be captured for every property include the name of the owner, the owners postal, email address and telephone number, and the registered or other description of the property.
The physical address of the property, the use and permitted use of the property and the extent of the property are also captured. A record of the market value, vacant site and the improvement value of the property is also noted.
Importance of A Valuation Roll
To ensure equity and fairness in land valuation.
To encourage optimum and appropriate use of land in line with physical and land use development plans.
To ascertain legal ownership status of property.
To serve as a benchmark for current land market values
The exercise is important as it enable citizens get the true value of their land in case they want to dispose it or charge it in a bank.
What is a valuation roll?
A valuation roll is a legal document that outlines the properties within a countys jurisdiction. It is the document that empowers a county government to value land.
Every county is required to come up with a valuation roll once every ten years. However, the CEC member in charge of a Finance may extend the exercise for a period not exceedingly here years. In Laikipia, the last two valuation roll took place in 1992 and 2008 for Nanyuki and Nyahururu towns respectively.
The exercise of coming up with a valuation roll involves several steps to determine the real value of any land through gauging its current market price. It involves hiring a professional consultant to conduct the exercise in a fair manner.
When calls for application for tenders were made through an open way, Zerith Consultants won the tender and the firm is now involved in coming up with the valuation troll for this year. Several public participations must be conduct to allow members of the public give their views on the rating ad valuation of their land. The first public engagements took place on January 21 this year in 20 different areas running across the county and had more than 1,000 participants.
The three main processes are valuation, approval, and then publishing. The valuation consists of public sensitization, then mapping and survey of the property, followed by preparation of Draft Roll by Zerith Consultants. Public participation for this phase has already taken place.
The Draft Roll is then presented to the CEC in charge of infrastructure to present it to the county executive before presenting it to the county assembly for approval. Another public participation takes place and members of the public are allowed to review the document.
For private land, the period given is 28 days while a public land takes six months before closure of the review window. The consulting firm incorporates the new information and publishes the Approval Roll from the county assembly. This is the final draft, Valuation Roll.
Some of the property classified as not rateable property includes land include:
Public religious worship.
Cemeteries and crematoria.
Public hospitals.
Public educational institutions.
Charitable institutions, museums and libraries.
Outdoor sports.
National Parks and National Reserves.
Contents of the Valuation Roll
During the valuation roll exercise, the vital details that must be captured for every property include the name of the owner, the owners postal, email address and telephone number, and the registered or other description of the property.
The physical address of the property, the use and permitted use of the property and the extent of the property are also captured. A record of the market value, vacant site and the improvement value of the property is also noted.
Importance of A Valuation Roll
To ensure equity and fairness in land valuation.
To encourage optimum and appropriate use of land in line with physical and land use development plans.
To ascertain legal ownership status of property.
To serve as a benchmark for current land market values
