Land Tax Act 2002

 

Land Tax Act 2002

CONTENTS

1.           Short title                                                                         1

2.           Commencement                                                               1

3.           Relationship with other Acts                                              2

4.           Meaning of terms                                                             2

5.           Imposition of land tax                                                        2

 

 

Land Tax Act 2002

No. 51 of 2002

An Act to impose land tax.

 

[Assented to 20 March 2003]

 

The Parliament of Western Australia enacts as follows:

1.           Short title

             This Act may be cited as the Land Tax Act 2002.

2.           Commencement

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

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.

5.           Imposition of land tax

             Land tax is imposed at the rates shown in the table to this section according to the unimproved value of the land.

Land tax rates

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

dline

 

 

By Authority: JOHN A. STRIJK, Government Printer