19Taxable value of land

19 Taxable value of land S. 19(1) amended by No. 28/2017 s. 52(1). (1) Subject to subsection (1A), 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. S. 19(1A) inserted by No. 28/2017 s. 52(2). (1A) For the purposes of calculating vacant residential land tax, the taxable value of land for a tax year is an amount equal to the capital improved value of the land as at the relevant date. S. 19(2) amended by No. 69/2011 s. 35, substituted by Nos 40/2014 s. 14, 66/2016 s. 4. (2) The ***relevant date*** is— (a) for land that is rateable land or non‑rateable leviable land— S. 19(2)(a)(i) amended by No. 50/2024 s. 96(b). (i) subject to subparagraph (ii), the date as at which that land was valued for the purposes of the last general valuation returned to the Valuer-General before 1 January in the tax year; or (ii) if that land has been valued for the purposes of a supplementary valuation after the return date of the last general valuation referred to in subparagraph (i) but before 1 January in the tax year, the return date of the supplementary valuation; and (b) for land that is non-rateable non‑leviable land— (i) subject to subparagraph (ii), the date as at which rateable land or non-rateable leviable land was valued for the purposes of the last general valuation referred to in paragraph (a)(i); or (ii) the date as at which the land was valued for and on behalf of the Commissioner before 1 January in the tax year by the Valuer-General or a valuer nominated by the Valuer-General. S. 19(3) repealed by No. 40/2014 s. 14. S. 20 repealed by No. 84/2006 s. 9. S. 21 amended by No. 68/2007 s. 9 (ILA s. 39B(1)).