June 24, 2024

Lagos to tax residents N80,000 for car parks on property setbacks

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Etim Ekpimah 

Lagos State Government is to tax residents N80,000 for car parks on property setbacks. 

The term ‘setback’ refers to the distance (measured in feet) a house or structure must be from the front, side and rear property lines. 

It was learnt that the rate could be as high as N100,000 and as low as N80,000 per parking slot annually with a nonrefundable N50,000 payment for processing charge. 

Setback ordinances are property laws that govern property boundary lines. 

A setback is a minimum distance from the property line that a structure can be built, according to Legal Match. 

The memo reads, “In view of the above, and in line with the administration’s policy in moving Lagos State towards a 21st-century economy to align with the first pillar of THEME’S Agenda of which transportation is key, your organisation is hereby served this demand notice for the setback parking (Off-Street) in front of your premises before the commencement of enforcement action.

“Based on the inspection, we identified Three (3) parking slots on your setback at the rate of N80,000 per slot per annum totalling N240,000.00 (Two Hundred and Forty Thousand Naira) only. 

“Also, a non-refundable Administrative/Processing fee of N50,000 (Fifty Thousand Naira) only applies based on your location totalling N290,000.00 (Two Hundred and Ninety Thousand Naira) only payable for the year 2022 to be paid into Lagos State Parking Authority account within a period of seven (7) days of receiving this letter.” 

The demand notice also provided two bank accounts; one in Globus Bank and another in Polaris Bank.

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