Land Tax Rating Act 2000 (Tas)

Land Tax Rating Act 2000

An Act to prescribe rates of land tax payable in respect of various classes of land [Royal Assent 27 November 2000]

Be it enacted by His Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:

1. Short title This Act may be cited as the Land Tax Rating Act 2000 .

2. Commencement This Act commences on 1 January 2001.

3. Construction (1) This Act is to be read together with the Land Tax Act 2000 . (2) Any term used in this Act that is defined in the Land Tax Act 2000 has the same meaning as so defined.

4. Principal residence land (1) In a financial year beginning on 1 July following the commencement of this Act or on 1 July in any subsequent year, the amount of land tax payable in respect of principal residence land is nil. (2) If principal residence land is apportioned under section 26, 28, 29 or 30 of the Land Tax Act 2000 , the amount of land tax payable in respect of the apportioned assessed land value in respect of any principal residence land is nil.

5. Primary production land (1) In a financial year beginning on 1 July following the commencement of this Act or on 1 July in any subsequent year, the amount of land tax payable in respect of primary production land is nil. (2) If primary production land is apportioned under section 27 of the Land Tax Act 2000 , the amount of land tax payable in respect of the apportioned assessed land value in respect of any primary production land is nil.

5A.

6. General land (1) In a financial year beginning on 1 July following the commencement of this Act or on 1 July in any subsequent year, the amount of land tax payable in respect of general land is to be calculated in accordance with Schedule 1 according to the assessed land value of that land. (2) If principal residence land is apportioned under section 26, 28, 29 or 30 of the Land Tax Act 2000 , the amount of land tax payable in respect of the apportioned assessed land value in respect of any general land is to be calculated in accordance with Schedule 1 according to the apportioned assessed land value of the general land. (3) If primary production land is apportioned under section 27 of the Land Tax Act 2000 , the amount of land tax payable in respect of any land apportioned as general land is to be calculated in accordance with Schedule 1 according to the apportioned assessed land value of the general land.