Victorian Consolidated Legislation

Land Tax Act 2005 - SECT 19

Taxable value of land

19. Taxable value of land



(1) The taxable value of land for a tax year is an amount equal to the site
value of the land as at the relevant date.

(2) The relevant date for land within the municipal district of a municipal
council is-

   (a)  subject to paragraph (b), the date as at which rateable properties
        within the municipal district were valued for the purposes of the last
        general valuation returned to the municipal council before 1 January
        in the tax year;





   (b)  if the land has been valued for the purposes of a supplementary
        valuation after the return date of the last general valuation referred
        to in paragraph (a) but before 1 January in the tax year, the return
        date of the supplementary valuation.

(3) If land is not within a municipal district of a municipal council, the
relevant date for the land is 31 December in the year immediately preceding
the tax year.



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