1.If you are a landlord and you are the only one living in your house with your family (No tenant). Your annual fee is 60% of the value of the house × 0.076%. E.g. if your house is valued at N20m. Your fee is 0.076% of (60% of N20m) = 0.076% x N12m=
N9,120.00 per annum.
2. If you rented out the house to tenants only and you don’t live there and the house is worth N20m. You will pay 0.76%of (60% of N20m) =0.76% of N12m= N91,200.00 per annum
3. If you are a landlord living with your tenant in the same building of the above value. You will pay 0.256% of (60% of N20m) =0.256% × N12m= N30,720.00 per annum
palaces,public places are not to pay!