50Special bases for rating

50 Special bases for rating

(1)  Instead of rating on the annual value of tenements, the undertakers may –

(a) make by-laws for –

(i) delimiting the land in the water district benefited by their undertaking; and

(ii) if they think fit, classifying those lands according to the degree of such benefit;

(b) rate only on the annual value of the lands delimited under the by-law; and

(c) make different rates for the several classes of such lands.

(2)  Where the undertakers supply water for domestic purposes they may by by-law –

(a) except the buildings so supplied and their grounds from the operation of subsection (1) and provide for their separate rating; and

(b) provide for –

(i) a minimum amount for each such building or group of buildings;

(ii) a minimum value below which no rate is payable; or

(iii) a fixed amount for each such building or group of buildings.