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 2
4. Meaning of terms 2
5. Imposition of land tax 2
Western Australia
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 |
|
|
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 |
By Authority: JOHN A. STRIJK, Government Printer