Land Tax Act 2010

Land tax is imposed on the total taxable value of the taxable land owned by a taxpayer at the following rate—

for an individual other than an absentee or trustee—the rate provided for under schedule 1;

for a company or trustee—

the general rate provided for under schedule 2, part 1; and

if the company or trustee is a foreign company or a trustee of a foreign trust—the surcharge rate provided for under schedule 2, part 2;

for an absentee—

the general rate provided for under schedule 3, part 1; and

the surcharge rate provided for under schedule 3, part 2.

This section applies subject to sections 20 and 21.