𝐆PG 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐑𝐚𝐭𝐞𝐬 𝐖𝐨𝐫𝐭𝐡 $𝟗𝟎𝐌 𝐏𝐥𝐮𝐬 𝐏𝐞𝐫 𝐀𝐧𝐧𝐮𝐦
THE Guadalcanal Provincial government should be collecting more than $90m per annum from its property rates alone.
This was revealed during a presentation to the Provincial executive government by the Provincial revenue division last week.
The projected property rates are a result of a three months study conducted by the GP Revenue Division in both northwest and northeast Guadalcanal. It also covers some of the land areas within Honiara City.
The current Guadalcanal Province property rates is 0.3%, and is calculated by the ‘Unimproved Value’ of the rateable land owned by Guadalcanal Province and all the property owners in Guadalcanal are liable to pay the property rates (under the Property Rate Ordinance). The report is being projected from 2020 to 2025.
In addition, it also covers three different main areas; agriculture, commerce and residential, on the parcel numbers, lot numbers, areas in square meters, rates (dollars/square meter), and unimproved value, and etc.
According to the GP Executive Government, one of the reasons why there are poor service deliveries in Guadalcanal is due to the fact that these local revenues have never been properly collected in the past.
As a consequence, one of the current GP Executive’s top priorities in the next financial year is to boost its revenue sector.
In the meantime, the names of all the property owners will be publicly published sometimes in August to ensure they are well aware of their tax obligations to the province.
The Revenue Division also states that they’re yet to do the land valuations and estimates how much land rates Guadalcanal Province has.
Premier Francis Sade reiterates during the presentation that his Executive Government will continue to pursue its 2019-2023 Policy in terms of boosting the local revenues.
In the meantime, a new revenue management ordinance is currently being drafted and expected to be tabled during the next Provincial Assembly.