The rate of land tax for 2006 is set out in Table 1.1. TABLE 1.1 Sch. 1 cl. 1.1 (Table 1.1) Column 1 Column 2 amended by No. 22/2007 Taxable Taxable s. 7(1)(a). value not value less Column 3 Item less than than Rate of land tax $ $ 1. 0 200 000 Nil 2. 200 000 540 000 $200 and 02% of the taxable value that exceeds $200 000 3. 540 000 900 000 $880 and 05% of the taxable value that exceeds $540 000 4. 900 000 1 190 000 $2680 and 1% of the taxable value that exceeds $900 000 5. 1 190 000 1 620 000 $5580 and 15% of the taxable value that exceeds $1 190 000 6. 1 620 000 2 700 000 $12 030 and 225% of the taxable value that exceeds $1 620 000 7. 2 700 000 $36 330 and 35% of the taxable value that exceeds $2 700 000 Note Clause 5 of Schedule 3 has transitional provisions capping certain land tax increases in 2006. 1.2 Land tax for 2007 Sch. 1 cl. 1.2 (Heading) amended by The rate of land tax for 2007 is set out in No. 22/2007 Table 1.2. s. 7(1)(b). Sch. 1 cl. 1.2 substituted by No. 38/2006 s. 8(1), amended by No. 22/2007 s. 7(1)(c).
The rate of land tax for 2006 is set out in Table 1.1. Sch. 1 cl. 1.1 (Table 1.1) amended by No. 22/2007 s. 7(1)(a). TABLE 1.1 Item Column 1 Taxable value not less than Column 2 Taxable value less than Column 3 Rate of land tax $ $ 1. 0 200 000 Nil 2. 200 000 540 000 $200 and 02% of the taxable value that exceeds $200 000 3. 540 000 900 000 $880 and 05% of the taxable value that exceeds $540 000 4. 900 000 1 190 000 $2680 and 1% of the taxable value that exceeds $900 000 5. 1 190 000 1 620 000 $5580 and 15% of the taxable value that exceeds $1 190 000 6. 1 620 000 2 700 000 $12 030 and 225% of the taxable value that exceeds $1 620 000 7. 2 700 000 $36 330 and 35% of the taxable value that exceeds $2 700 000 Note Clause 5 of Schedule 3 has transitional provisions capping certain land tax increases in 2006. Sch. 1 cl. 1.2 (Heading) amended by No. 22/2007 s. 7(1)(b). Sch. 1 cl. 1.2 substituted by No. 38/2006 s. 8(1), amended by No. 22/2007 s. 7(1)(c). 1.2 Land tax for 2007 The rate of land tax for 2007 is set out in Table 1.2.
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