Land Tax Act 2002 (WA)

Western Australia Land Tax Act 2002 Western Australia Land Tax Act 2002 Contents 1. Short title 1 2. Commencement 1 3. Relationship with other Acts 1 4. Meaning of terms 1 5. Imposition of land tax 2 Notes Compilation table 10 Other notes 11 Western Australia Land Tax Act 2002 An Act to impose land tax.

1. Short title This Act may be cited as the Land Tax Act 2002 1.

2. Commencement This Act comes into operation on the day on which the Taxation Administration Act 2003 comes into operation 1.

3. Relationship with other Acts The Land Tax Assessment Act 2002 and the Taxation Administration Act 2003 are to be read with this Act as if they formed a single Act.

4. Meaning of terms The Glossaries at the end of the Taxation Administration Act 2003 and the Land Tax Assessment Act 2002 define or affect the meaning of some of the words and expressions used in this Act and also affect the operation of other provisions. [4A. 1M Modification, to insert section 4A, to have effect under the Commonwealth Places (Mirror Taxes Administration) Act 1999 s. 7, see Commonwealth Places (Mirror Taxes Administration) Regulations 2007 r. 14 and endnote 1M.] [4A .1MC Modification, to insert section 4A, to have effect under the Commonwealth Places (Mirror Taxes) Act 1998 (Commonwealth) s. 8, see Commonwealth Places (Mirror Taxes) (Modification of Applied Laws (WA)) Notice 2007 cl. 15 and endnote 1MC.]

5. Imposition of land tax Land tax is imposed at the rates shown in the table to this section for the relevant financial year according to the value of the land referred to in the table. Table 1: Land tax rates for 2002/03 Unimproved value of the land Exceeding Not exceeding Rate of land tax ($) ($) 0 50 000 Nil 50 000 100 000 $75.00 + 0.15 cent for each $1 in excess of $50 000 100 000 190 000 $150.00 + 0.25 cent for each $1 in excess of $100 000 190 000 325 000 $375.00 + 0.45 cent for each $1 in excess of $190 000 325 000 550 000 $982.50 + 0.80 cent for each $1 in excess of $325 000 550 000 850 000 $2 782.50 + 1.20 cents for each $1 in excess of $550 000 850 000 1 250 000 $6 382.50 + 1.60 cents for each $1 in excess of $850 000 1 250 000 2 000 000 $12 782.50 + 2.00 cents for each $1 in excess of $1 250 000 2 000 000 5 000 000 $27 782.50 + 2.30 cents for each $1 in excess of $2 000 000 5 000 000 $96 782.50 + 2.50 cents for each $1 in excess of $5 000 000