Property Tax Calculator

Calculate annual Land Use Charge and property tax for residential and commercial properties across Nigerian states.

Property Details

Property Value

₦

State

Property Type

Annual Property Tax

₦38,000

Monthly Equivalent

₦3,167

Effective Rate

0.0760%

State

Lagos

Property Type

Residential

Lagos rates are based on the Land Use Charge Law 2018. Other states use estimated rates. Rates vary by LGA and property category — verify with your state's land bureau for exact assessments.

Extended

State Comparison & Property Type Impact

Compare tax across all 5 states and see the residential vs commercial difference.

Annual tax on ₦50,000,000 residential property across states (highlighted = your selection):

Lagos (0.0760%)

₦38,000/yr

Abuja (FCT) (0.0500%)

₦25,000/yr

Rivers (0.0400%)

₦20,000/yr

Ogun (0.0300%)

₦15,000/yr

Oyo (0.0300%)

₦15,000/yr

Professional

Portfolio Calculator, Payment Schedule & Appeal Estimation

Calculate tax across multiple properties, plan quarterly payments, and estimate savings from a valuation appeal.

₦38,000/yr

₦80,000/yr

Portfolio Total Annual Tax

₦118,000

Monthly Average

₦9,833

Number of Properties

How to Use This Calculator

Enter your property value, select your state, and choose whether the property is residential or commercial. The calculator applies the applicable Land Use Charge or property tax rate to show your annual and monthly tax obligation.

Nigerian Property Tax Rates

State	Residential Rate	Commercial Rate	Governing Law
Lagos	0.076%	0.132%	Land Use Charge Law 2018
Abuja (FCT)	0.05%	0.10%	FCT Land Administration Act
Rivers	0.04%	0.08%	Rivers State Land Use Act
Ogun	0.03%	0.06%	Ogun State Land Use Charge
Oyo	0.03%	0.06%	Oyo State Land Use Law

Rates are indicative. Actual assessments may vary by LGA, property category, and year. Always verify with your state's land bureau or property tax authority.

Example

Lagos Residential Property — ₦50M Value

Property Value₦50,000,000

Residential Rate (Lagos)0.076%

Annual Land Use Charge₦38,000

Monthly Equivalent₦3,167

Lagos commercial property of the same value would be charged ₦66,000 per year (0.132%). A ₦200M commercial building in VI or Ikoyi would pay approximately ₦264,000 per year — relatively affordable by international standards.

FAQ

The Lagos Land Use Charge (LUC) is an annual property tax consolidated from previous property taxes, ground rent, and tenement rate. It was updated by the Land Use Charge Law 2018. The charge is calculated on the capital value of the property (not the rental value). Owner-occupiers pay less than landlords who rent out property. Lagos State Revenue Service (LSRS) issues demand notices, typically due by March 31 each year. Late payment attracts a 10% penalty plus 5% interest per annum.

The property owner (landlord) is legally responsible for paying the Land Use Charge or property tax. However, landlords typically pass this cost to tenants by building it into the rent. In commercial leases, it is common to include property taxes as a tenant-payable outgoing. In residential leases, this is usually bundled into the annual rent. When reviewing a lease, check whether "outgoings" are exclusive or inclusive of property taxes.

Lagos LUC exemptions include: properties owned and occupied by religious bodies (for religious purposes), educational institutions, public hospitals, and embassies/consulates. Owner-occupier pensioners aged 60+ may qualify for relief. Properties under government acquisition also have different treatment. Contact LSRS or your state's revenue service for specific exemption applications and requirements.