Victorian Consolidated Legislation

Land Tax Act 2005 - SECT 36

Land tax assessed on aggregated basis

36. Land tax assessed on aggregated basis



(1) Subject to this Act, a taxpayer is to be assessed for land tax on land for
a tax year on the total taxable value of all taxable land of which the
taxpayer was the owner at midnight on 31 December immediately preceding that
tax year.

(2) Subject to this Act, a taxpayer is to be assessed for land tax on
transmission easements for a tax year on the total taxable value of all
transmission easements of which the taxpayer was the holder at midnight on 31
December immediately preceding the tax year.

(3) For the purposes of an assessment, the applicable rate of land tax in
Schedule 1 is to be applied to the total taxable value of that land or
transmission easements (as the case requires).