spot_imgspot_img
Tuesday, April 22, 2025

LRA REAL ESTATE EXPANSION PROJECT NETS OVER 20,000 REGISTERED PROPERTIES IN BASSA, MARGIBI

Date:

MONROVIA – The Liberia Revenue Authority (LRA) has registered and documented at least 20,000 real properties under its ongoing real estate decentralization project in Margibi and Grand Bassa Counties.

LRA Commissioner General James Dorbor Jallah announced that the project, supported by the Government of Sweden and various partners, has brought 12,000 properties in Margibi County and 9,000 in Grand Bassa County into the tax net.

This initiative is a key part of efforts to implement the Local Government Act of 2018 and the Revenue Sharing Act of 2022. These crucial pieces of legislation aim to promote inclusive revenue mobilization to support local development and public service expansion.

The laws mandate that revenues collected from real properties in the counties be shared equally with local authorities, meaning the central government will share the revenue collected from registered properties with local governments.

Commissioner General Jallah provided an update on the project during a recent meeting of the Inter-Ministerial Committee on Decentralization, which was attended by President Joseph N. Boakai. Several government officials and development partners were present, all expressing their support for the full decentralization of public services and development.

The LRA Commissioner General stressed the need for all government stakeholders to collaborate effectively to achieve holistic decentralization of governance. He emphasized the importance of educating taxpayers, improving technological infrastructure, and building capacity at the local level as key elements for successful decentralization.

“Decentralization is achievable but requires a holistic partnership and collaboration to make it happen,” said Commissioner General Jallah.

He also highlighted the need to establish partnerships to identify local revenue sources, allowing counties, cities, townships, and boroughs to levy their own taxes. This effort aims to strengthen and finance local governments. Key actions include creating a database for identifying real properties, enforcing compliance with registration and payment, and setting up revenue-sharing mechanisms.

The LRA decentralization project – still in its pilot stage – was launched in 2021 in Margibi and later extended to Grand Bassa in 2023, providing job and contractual opportunities for residents, especially young people.

Owners of registered properties are brought into the country’s tax net and issued tax identification numbers, making them ready to pay their Real Property Tax. The primary goal of the project is to decentralize the administration and collection of real property taxes, thereby fostering revenue growth.

smartnews
Smart News Liberia is an online news outlet and a product of Smart Media Group Inc. Our website, smartnewsliberia.com, covers a broad spectrum of news content. For inquiries or information, you can reach us at 0777425285 or 0886946925, or email us at smartnewsliberia@gmail.com or info@smartnewsliberia.com.

LATEST DEVELOPMENT

CENTAL URGES SWIFT ACTION AGAINST MCSS OFFICIALS AMID CORRUPTION ALLEGATIONS

MONROVIA, LIBERIA – The Center for Transparency and Accountability...

PRESIDENT BOAKAI MOURNS POPE FRANCIS, PRAISES HIS GLOBAL LEGACY OF COMPASSION AND JUSTICE

MONROVIA, LIBERIA  - President Joseph Nyuma Boakai has expressed profound...

CESS CALLS FOR ADHERENCE TO HIGH COURT’S RULING

MONROVIA, LIBERIA – As the Supreme Court of Liberia is expected to...

A COMMENDABLE PLEDGE, BUT DEEDS MUST MATCH WORDS

President Joseph Nyuma Boakai’s address at the First Annual...

BOAKAI’S LUXURY OBSESSION AMID ECONOMIC STRUGGLES

Liberians continue to endure economic hardship while their president...

LIBERIA’S STRUGGLE FOR CHANGE CAN BOAKAI’S PROMISES OVERCOME DECADES OF UNFULFILLED REFORMS

President Joseph Nyuma Boakai’s message to his Cabinet during...

PRIORITIZING PRAGMATISM IN A RESOURCE-CONSTRAINED LIBERIA

In a country where the reality of fiscal scarcity...

COMMENTARY

WHY FOLLOW A PR STRATEGY TO OVERCOME CRISES AND MAINTAIN BRAND VISIBILITY

Courtesy of Martin Blayon, an experienced Public Relations Specialist Misinformation...

THE LASTING LEGACY OF PRINCE JOHNSON’S DEATH AND THE PATH FORWARD FOR LIBERIA

By Lyndon J. Ponnie, Sr. The passing of former Liberian...

PRES. BOAKAI’S LACK OF LEADERSHIP AND LIBERIA’S POLITICAL CRISIS

-A Commentary Joseph Boakai's failure to lead has once again...

LATEST NEWS

BISHOP BROWN ADVOCATES FOR STAKEHOLDER ENGAGEMENT TO ADDRESS LIBERIA’S CHALLENGES

MONROVIA, LIBERIA - As political divisions deepen between the...

GRAND CAPE MOUNT COUNTY CITIZENS BLOCK TURKISH ENTRY INTO KINJOR

GRAND CAPE MOUNT CO., LIBERIA – Reports from Grand...

KOFFA REJECTS KOON’S SPEAKERSHIP, INSISTS ON LEGAL RESOLUTION

MONROVIA, LIBERIA – Speaker J. Fonati Koffa has made...

Share post:

EXCLUSIVE INTERVIEW

OPINION

USING THE PAST TO INFORM THE PRESENCE AND PREPARE FOR THE FUTURE

My birthday message to the people of Liberia As I...

HOR IN UPROAR AS EMBATTLED SPEAKER KOFFA’S INFLUENCE EXPOSES GOVERNANCE CHALLENGES

By Socrates Smythe Saywon, Sr. Liberia’s political scene is currently...

LIBERIANS ARE IN AN ABUSIVE RELATIONSHIP WITH THE UP AND CDC

  An Opinion By Grace RK Guar Every six...

AMERICA’S NEGLECT OF LIBERIA: A CALL FOR CHANGE

An Opinion By Bishop Dr. Rudolph Q. Kwanue, Sr A...

THE GALLERY

spot_imgspot_img

MORE ARTICLES

spot_imgspot_img

MORE NEWS

LATEST DEVELOPMENT NEWS

LATEST CRIME NEWS

Share via
Copy link