National Rating Act

Section 1. Short title Section This Act may be cited as the National Rating Act, 2024.

Section 2. Interpretation Section In this Act, unless the context otherwise requires — “annual rental value” means the amount of annual rental value arrived at based on the— (a) actual annual rent realisable on the rateable property ; or (b) annual equivalent of comparable rents or annual rent paid on leased land or would be payable were the land to be leased in the open market; “area rate” includes a flat rate, graduated rate or differential rate adopted by the county government for purposes of this Act; “Cabinet Secretary” means the Cabinet Secretary for the time being responsible for matters relating to land ; “Chief Government Valuer” means a valuer appointed under section 25 ; “County Executive Committee member” means the County Executive Committee member for the time being responsible for matters relating to land in a county; “contribution in lieu of rates” means the amount of rates payable to a county government by the National Government in respect of all public land held by the National Government within the county; “discount” means any amount of property rates, deducted from what is required to be paid; “exemption” in relation to rating, means specified land use that is n...