An empirical analysis of the municipal taxation on strata titles against torrens in fiji

The paper examined the challenges and issues of UCV method in relation to strata title in Fiji. Strata properties is a relatively new but slowly emerging market in the real estate market in Fiji. An empirical analysis was utilized in this study to answer the research questions. Specifically, the study focused only in the town of Nausori. This research paper was anchored on the theory of Distributive Justice Theory and Ability to Pay Theory. The study found out that the Nausori rates makes up 30% of the total revenue for the council at around 60% potential. The findings of the analysis for this study provides evidence that UCV method as a formula for determining rates for property taxation purposes in municipalities in Fiji needs a serious review. The researcher hopes that this paper will assist the municipal councils and the Local Government Ministry hone in on the gap of the existing legislation and practises in using the UCV to determine town rates, in respect to new aspects of home ownership.