20Amount of land tax

20 Amount of land tax

(1)  The amount of land tax is to be –

(a) determined on the assessed land value or the apportioned assessed land value of the land as at 1 July in each financial year; and

(b) set at a rate specified in a land tax rating Act.

(2)  Land tax may be set in respect of –

(a) principal residence land; and

(b) primary production land; and

(ba) [Section 20 Subsection (2) amended by No. 5 of 2010, s. 7, Applied:01 Jul 2010] [Section 20 Subsection (2) amended by No. 21 of 2011, s. 19, Applied:01 Jul 2011] .  .  .  .  .  .  .  .  

(c) general land.