By Our Reporter
Kampala Capital City Authority (KCCA) projects to collect Shs40billion in property rates from over 15,000 buildings situated in the city.
The city authority has released the draft roll of property rates they have computed.
Building owners have been given a month to go and check information attached to their property and submit complaints before the preparation of the final list.
Addressing the media today, the KCCA revenue collection manager Ezra Ssebuwufu said that the property rate charged by the authority is six percent of the ratable value of properties assessed.
The ratable value is 76% of the annual revenue that building owners collect from tenants. 24% is left for the owner to cater for utility bills and renovations.
Fred Andema, the KCCA revenue deputy director, said the final valuation of the assessed properties will be determined by an independent court which will also take into account concerns raised by the public.
KCCA anticipate starting collecting property revenue as per the new valuation in June this year.