Basis of levy
6 Basis of levy
A levy may consist of—
an amount payable in respect of each dollar of the value of land subject to assessment under this Act; or
a fixed charge; or
two separate components, one being the amount referred to in paragraph (a) and the other a fixed charge under paragraph (b).
The value of the land for the purposes of subsection (1) is determined by multiplying its capital value by the area factor and the land use factor for the land.
The capital value of land for the purposes of subsection (2) is the capital value of the land as at 1 July in the financial year to which the levy relates determined or adopted by the
Valuer-General under the Valuation of Land Act 1971.
This Act’s bill:Second reading speech
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