Impediments to the Implementation of Property Rating in Bauchi Metropolis, Nigeria

Abstract

Property Rating Practice (PRP) is globally recognized as potential and lucrative source of revenue to local governments; PRP is doing pretty well in Europe, America and Asia, its performance in most African countries is not satisfactory. This paper identified the factors that impedes the implementation of property rating in Bauchi metropolis, Nigeria. The methodology used includes literature and questionnaire survey; the questionnaire were administered by simple random sampling to respondents across twelve neighbourhoods in the metropolis, other respondents came from the Ministries of Lands and Housing, Environment and Sanitation as well as professionals in the field of real estate valuation and management. The descriptive and inferential statistics like frequency table and Structural Equation Modelling were used in the analysis to determine whether identified factors really impedes the implementation of property rating; and whether the factors have any relationship with provision of neighbourhood facilities and services in Bauchi metropolis of Nigeria. The results of the findings indicated that ‘Over-reliance on Crude Oil Revenue’ and ‘Poor Taxation System’ are the leading factors that hinders the implementation of PRP in Bauchi metropolis of Nigeria.

Keywords: Property Rating Practice, Neighbourhood facilities and Bauchi Metropolis, Nigeria.