Property Tax Calculator
Property rates apply to any property or building used for business, like houses rented to tenants, shops, factories, and so on, even if it is an owner-occupied business.
However, property rates do not apply to the residential home you own and live in. Likewise, the levy does not apply to vacant land.
Local governments can levy property rates between 0 – 12% of your commercial property’s rateable value. For example, in Mbarara, property rates are levied annually at 5% of your property’s rateable value. In Kampala, it is 6%.
Your property’s rateable value is determined by your property’s estimated rental value (whether it is rented or not) minus a deduction for expenses.
Property valuations for property rates are carried out by licensed and accredited government property surveyors every five years.
Property Tax Calculator
Rental Income Tax Calculator
URA collects rental income tax. Rental Income tax is a tax on the money you earn from the lease or rent of all immovable property (land and buildings).
Anyone who earns rental income is eligible to pay rental income tax, including landlords/landladies, rental property businesses, apartment owners, and even those who rent then sub-let a property to someone else.
The revenue from this tax contributes to funding the national budget, which is critical for reducing Uganda’s dependence on debt. According to the Ministry of Finance, Uganda’s Public Debt is set to increase to an alarming 53.1 per cent of GDP this financial year.
Government reduced the rental income tax rate for individuals for this financial year from 30% to 12% of rental income earned after deducting the threshold of USh 2,820,000. URA has also done away with having to deduct expenditures for Individuals.
The Rental Income Tax Rate for non-individuals is 30% of rental income earned. Non-Individuals can claim up to 50% of allowable deductions for expenses incurred in generating rental income (such as property rates!).
