Oyo State Land Use Charge na state-level property tax under di Land Use Charge Law, 2023 — e different from Lagos and Ogun own state-level property tax and from Nigeria federal taxes — dem dey charge am based on your property land and building value, from 0.01% for farm land reach 0.375% for commercial and rented residential property.
Di rate table and di ₦2,500 statutory minimum don confirm well-well from government source, dem take am word-for-word from di Oyo State Land Use Charge Law, 2023 own Schedule I and Section 7(2). Wetin no fixed: your land value, building value, and Property Code Rate na your own estimate, and di early-payment discount percentage dey come from your own demand notice, e no be published rate.
Oyo formula na LUC = M × [(LA × LV) + (BA × BV × PCR)] — one rate M (dem set am by property category, Schedule I) wey dem apply on your land area × land value plus your building area × building value × Property Code Rate. Eight categories get their own M rate, from 0.01% for farm land to 0.375% for commercial or rented residential property, and every property wey no exempt go owe at least ₦2,500 a year no matter di assessed value. Since no source publish table for LV, BV, or PCR, dis calculator dey ask for your own honest estimate of each — pick your property category above, and select exemption if any apply.
Na Oyo State own annual property tax under di Land Use Charge Law, 2023 — e different from di federal taxes wey TaxLane other calculators dey cover, and e different from Lagos and Ogun own state-level property tax. E dey apply to land and buildings wey dey inside Oyo State only.
Seven categories don full exempt under Section 8(1): property wey belong, wey dem dey occupy, and wey belong to religious body wey dem dey use only for worship or religious education; public cemeteries and burial grounds (dem don exclude di ones wey dey profit-oriented); registered non-profit educational institutions; public or non-profit private libraries; palaces of recognized Obas and Chiefs; property wey dem dey use for orphanage, childcare, or other philanthropic purpose; and Oyo State Government or other state-owned property. Separate full exemption also dey apply to residential homes wey pensioners own and dey occupy, wey don apply and don grant am. Any of dis fit dey forfeited if di property use or occupier change to one wey no qualify. Dis list no be everything sef — other exemptions fit apply by Gazette notice as di Governor decide, so confirm with di Commissioner if you think your property fit qualify outside dis categories.
Oyo own professional valuers dey set di neighbourhood-level land value, building value, and Property Code Rate wey dem dey use for official assessment, but none of di three dey published anywhere for dis calculator to draw from — so e dey ask for your own honest estimate instead. Na dat one also mean say your result fit no match di state own assessment.
Yes — Section 7(2) set hard floor of ₦2,500 a year on di total charge for every property wey no exempt, no matter di assessed value. No maximum charge or cap dey anywhere for di Law.
Di discount mechanism itself don confirm — Section 10(5) let di Commissioner reduce your charge if you pay within 15 days of your demand notice — but di Law leave di exact percentage to di Commissioner discretion per notice, instead of fixing one number. Di only concrete figure wey dem find (15%) dem date am explicitly to di now-repealed 2012 Law, so enter di percentage from your own current demand notice instead of assuming say na fixed rate.
Yes, e free, no account dey needed. Di calculations dey run for your own phone or computer, dem no dey send am go any server.
No — na just guide, e no be tax advice.
E come from di Oyo State Land Use Charge Law, 2023 own Schedule I — see full citations →