| |
|
| 2009-2011 Land
Tax Rates |
| |
| 2009-2011 General
Rates |
| |
| Total taxable value of
landholdings |
Land tax
payable |
| <$250,000 |
Nil |
| $250,000 to < $600,000 |
$275 plus 0.2% of amount >
$250,000 |
| $600,000 to < $1,000,000 |
$975 plus 0.5% of amount >
$600,000 |
| $1,000,000 to < $1,800,000 |
$2,975 plus 0.8% of amount >
$1,000,000 |
| $1,800,000 to <
$3,000,000 |
$9,375 plus 1.3% of amount >
$1,800,000 |
| $3,000,000 and over |
$24,975 plus 2.25% of amount >
$3,000,000 |
|
| 2009-2011 Surcharge
Rates for Trusts |
| |
| Total taxable value of
landholdings |
Land tax
payable |
| < $25,000 |
Nil |
| $25,000 to < $250,000 |
$82 plus 0.375% of amount > $25,000 |
| $250,000 to < $600,000 |
$926 plus 0.575% of amount > $250,000 |
| $600,000 to < $1,000,000 |
$2,938 plus 0.875% of amount > $600,000 |
| $1,000,000 to < $1,800,000 |
$6,438 plus 1.175% of amount > $1,000,000 |
| $1,800,000 to < $3,000,000 |
$15,838 plus 0.7614%** of amount > $1,800,000 |
| $3,000,000 and over |
$24,975 plus 2.25% of amount > $3,000,000 |
|
|
** The surcharge phases out for landholdings in excess of $1.8
million. For landholdings valued at or over $3 million, the surcharge is zero and the normal
marginal rate applies.
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