Australian Capital Territory Consolidated Acts

LAND TAX ACT 2004 - SECT 9

    (1)     Land tax at the appropriate rate is imposed for a quarter on each parcel of rateable land that is—

        (a)     rented residential land; or

        (b)     residential land owned by a corporation or trustee; or

        (c)     commercial land.

    (2)     The appropriate rate of land tax for a parcel of land is the amount worked out for the parcel as follows:

determined rate × average unimproved value

    (3)     However, land tax is not imposed on a parcel of land that is exempt under section 10 or section 11.

    (4)     In this section:

"average unimproved value" means the average unimproved value of the parcel of land under the Rates Act 2004 .

"commercial land"—

        (a)     means rateable land that is not residential land or rural land; and

        (b)     includes part of a parcel of land used for commercial purposes.

"determined rate" means the rate determined under the Taxation Administration Act , section 139.

Note     The power to determine a rate under the Taxation Administration Act includes the power to determine a different rate for different matters or different classes of matters (see Legislation Act, s 48).