Part 1
CurrentRate generally
Schedule 1Rate of land tax—individuals other than absentees and trustees
Part 1 Rate generally
| Column 1 Total taxable value | Column 2 Tax payable |
|---|---|
| less than $350,000 | nil |
| $350,000 or more but less than $2,250,000 | $1,450 plus 1.7c for each $1 more than $350,000 |
| $2,250,000 or more but less than $5,000,000 | $33,750 plus 1.5c for each $1 more than $2,250,000 |
| $5,000,000 or more but less than $10,000,000 | $75,000 plus 2.25c for each $1 more than $5,000,000 |
| $10,000,000 or more | $187,500 plus 2.75c for each $1 more than $10,000,000 |
This Act’s bill:Explanatory memorandumSecond reading speech
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