Part 2Rate of land tax on transmission easements

Part 2—Rate of land tax on transmission easements Sch. 1 cl. 2.1 (Heading) amended by No. 22/2007 s. 7(3)(a). Sch. 1 cl. 2.1 amended by No. 22/2007 s. 7(3)(b). 2.1 Rate of land tax on transmission easements for 2007 The rate of land tax on transmission easements for 2007 is set out in Table 2.1. Sch. 1 cl. 2.1 (Table 2.1) substituted by No. 38/2006 s. 8(3), amended by No. 22/2007 s. 7(3)(c). **Table 2.1** | *Item* | *Column 1 Taxable value not less than* | *Column 2 Taxable value less than* | *Column 3 Rate of land tax* | | 4. | 900 000 | 1 190 000 | $2680 and 0⋅8% of the taxable value that exceeds $900 000 | | 5. | 1 190 000 | 1 620 000 | $5000 and 1⋅2% of the taxable value that exceeds $1 190 000 | | 6. | 1 620 000 | 2 700 000 | $10 160 and 1⋅8% of the taxable value that exceeds $1 620 000 | | 7. | 2 700 000 | | $29 600 and 5% of the taxable value that exceeds $2 700 000 | Sch. 1 cl. 2.2 (Heading) amended by No. 31/2008 s. 19(3)(a). Sch. 1 cl. 2.2 inserted by No. 22/2007 s. 7(4), amended by No. 31/2008 s. 19(3)(b). 2.2 Rate of land tax on transmission easements for 2008 The rate of land tax on transmission easements for 2008 is set out in Table 2.2. **Table 2.2** | *Item* | *Column 1 Taxable value not less than* | *Column 2 Taxable value less than* | *Column 3 Rate of land tax* | | 1 | 0 | 225 000 | Nil | | 2 | 225 000 | 540 000 | $250 and 0⋅2% of the taxable value that exceeds $225 000 | | 3 | 540 000 | 900 000 | $880 and 0⋅5% of the taxable value that exceeds $540 000 | | 4 | 900 000 | 1 620 000 | $2680 and 0⋅8% of the taxable value that exceeds $900 000 | | 5 | 1 620 000 | 2 700 000 | $8440 and 1⋅3% of the taxable value that exceeds $1 620 000 | | 6 | 2 700 000 | | $22 480 and 5% of the taxable value that exceeds $2 700 000 | Sch. 1 cl. 2.3 inserted by No. 31/2008 s. 19(4). 2.3 Rate of land tax on transmission easements for 2009 and subsequent years The rate of land tax on transmission easements for 2009 and each subsequent year is set out in Table 2.3. **Table 2.3** | *Item* | *Column 1 Taxable value not less than* | *Column 2 Taxable value less than* | *Column 3 Rate of land tax* | | 2 | 250 000 | 600 000 | $275 and 0⋅2% of the taxable value that exceeds $250 000 | | 5 | 1 800 000 | 3 000 000 | $9375 and 1⋅3% of the taxable value that exceeds $1 800 000 | | 6 | 3 000 000 | | $24 975 and 5% of the taxable value that exceeds $3 000 000 | Sch. 1 Pt 3 (Heading and cls 3.1–3.3) inserted by No. 85/2005 s. 30.