Part 1General rate (where tax threshold applies)

# Part 1 General rate (where tax threshold applies) Part 1 General rate (where tax threshold applies) | Taxable value assessed under Principal Act | Rate of land tax payable | | is not more than the tax threshold | nil | | is more than the tax threshold but not more than the premium rate threshold | $100 plus 1.6 per cent of the amount by which the taxable value exceeds the tax threshold | | is more than the premium rate threshold | $100 plus—(a) 1.6 per cent of the amount by which premium rate threshold exceeds the tax threshold, and(b) 2 per cent of the amount by which the taxable value exceeds the premium rate threshold |