(Section 3AA)
Where the taxable value as assessed under the Principal Act | Rates of Land Tax Payable |
does not exceed $55,000 | nil |
exceeds $55,000 but does not exceed $60,000 | $50 plus 0.5c for each $1 in excess of $55,000 |
exceeds $60,000 but does not exceed $70,000 | $75 plus 1.5c for each $1 in excess of $60,000 |
exceeds $70,000 | $225 plus 2.5c for each $1 in excess of $70,000 |