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LEM621S - LAND ECONOMICS - 2ND OPP SUPL - JAN 2023 |
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nAmlBIA unlVERSITY
OF SCIEnCE Ano TECHnOLOGY
FACULTY OF ENGINEERING AND THE BUILT ENVIRONMENT
DEPARTMENT OF LAND AND SPATIAL SCIENCES
(LAND AND PROPERTY SECTION}
QUALIFICATION(S):
BACHELOR OF PROPERTYSTUDIES
DIPLOMA IN PROPERTYSTUDIES
BACHELOR OF LAND ADMINISTRATION
QUALIFICATION(S)
08BPRS
06DPRS
07BLAM
CODE:
COURSE NAME: LAND ECONOMICS
COURSE CODE LEM621S
EXAMS SESSION/DATE: JANUARY 2023
NQF LEVEL: 6
DURATION: 3 HOURS
MARKS: 100
SECOND OPPORTUNITY/ SUPPLEMENTARY EXAMINATION PAPER
EXAMINER(S) MR. U. KAHIREKE
MODERATOR: MR. S.A.K. HAYFORD
INSTRUCTIONS
1. Read the entire question paper before answering the Questions.
2. Please write clearly and legibly!
3. The question paper contains a total of 3 questions.
4. You must answer ALL QUESTIONS.
5. Make sure your Student Number is on the EXAMINATION BOOK(S).
PERMISSIBLE MATERIALS
1. Non-programmable Scientific Calculator
THIS QUESTION PAPER CONSISTS OF 3 PAGES (Including this front page)
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Land Economics
Question 1
LEM611S
a) A close friend approaches you for advice. What would your advice be on the shortcomings of
property as a form of investment as compared to other forms of investment?
{16)
b) Describe the following two (2) major components of land use capacity:
i) Accessibility
(5)
ii) Resource quality
(4)
[25)
Question 2
a) What is meant by variable tax rate?
(2)
b) Mention the significance of Variable tax rate and briefly explain the grounds on which its
application may be justified
{13)
c) Property taxes in developing and transition countries are evolving and will continue to evolve
over the next decade. The big question is whether the property tax has the potential to
become a major source of local government revenue in low-income and transition countries,
whether it can provide a suitable financial base for local governments, and whether the basis
of tax should be land only or should include improvements. If there is to be any hope for
effective property taxation, countries should begin a process of long-term reform. Discuss
the guidelines that might be followed.
{15)
[30)
Question 3
a) For each of the following state whether the relationship is POSITIVE or NEGATIVE.
{2)
i) Land value and Utility (satisfaction)
ii) Land value and Net land rent
iii) Rent paying ability and cost of transportation
iv) Rent paying ability and distance to the market
Second Opportunity Exams
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January 2023
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Land Economics
LEM611S
b) Profile of urban land Uses on the basis of returns earned is such that the highest value lands
at the centre of cities are used for commercial purposes, while areas with successively lower
values are used for residential, cropland etc.
i) Mention the four (4) areas where variations in this general profile usually take place. (4)
ii) Mention the four {4} demand factors responsible for land development.
(4)
c) The main Valuation Roll as provided under the Agricultural {Commercial} Land Reform Act of
1995, is not immune from errors.; who may change the contents of the main valuation roll
and state the purposes for which the main valuation roll may be changed?
{5}
d) A proper valuation activity for property tax administration requires that several
preconditions are in place. Outline any ten {10} of these preconditions?
(5)
[20]
Question 4
Discuss how the physical/ biological framework can be used to analyse utilisation of land
resources. Use relevant examples to support your discussion.
{25}
[25]
End of Memorandum
Second Opportunity Exams
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January 2023
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