Western Australia

                              Land Tax Act 2002


                              Western Australia

                              Land Tax Act 2002

                                  CONTENTS

    1.   Short title       1
    2.   Commencement      1
    3.   Relationship with other Acts        2
    4.   Meaning of terms  2
    5.   Imposition of land tax     2




                              Western Australia




                              Land Tax Act 2002


                               No. 51 of 2002

An Act to impose land tax.

                                                 [Assented to 20 March 2003]


The Parliament of Western Australia enacts as follows:

1.       Short title


                  This Act may be cited as the Land Tax Act 2002.

2.       Commencement


                  This Act comes into operation on the day on which the
       Taxation Administration Act 2003 comes into operation.

3.       Relationship with other Acts


                  The Land Tax Assessment Act 2002 and the Taxation
       Administration Act 2003 are to be read with this Act as if they
       formed a single Act.

4.       Meaning of terms


                  The Glossaries at the end of the Taxation Administration
       Act 2003 and the Land Tax Assessment Act 2002 define or affect the
       meaning of some of the words and expressions used in this Act and
       also affect the operation of other provisions.

5.       Imposition of land tax


                  Land tax is imposed at the rates shown in the table to
       this section according to the unimproved value of the land.

                               Land tax rates
|Unimproved value     |                          |
|of the land          |                          |
|Exceeding|Not        |Rate of land tax          |
|         |exceeding  |                          |
|($)      |($)        |                          |
|0        |50 000     |Nil                       |
|50 000   |100 000    |$75.00 + 0.15 cent for    |
|         |           |each $1 in excess of      |
|         |           |$50 000                   |
|100 000  |190 000    |$150.00 + 0.25 cent for   |
|         |           |each $1 in excess of      |
|         |           |$100 000                  |
|190 000  |325 000    |$375.00 + 0.45 cent for   |
|         |           |each $1 in excess of      |
|         |           |$190 000                  |
|325 000  |550 000    |$982.50 + 0.80 cent for   |
|         |           |each $1 in excess of      |
|         |           |$325 000                  |
|550 000  |850 000    |$2 782.50 + 1.20 cents for|
|         |           |each $1 in excess of      |
|         |           |$550 000                  |
|850 000  |1 250 000  |$6 382.50 + 1.60 cents for|
|         |           |each $1 in excess of      |
|         |           |$850 000                  |
|1 250 000|2 000 000  |$12 782.50 + 2.00 cents   |
|         |           |for each $1 in excess of  |
|         |           |$1 250 000                |
|2 000 000|5 000 000  |$27 782.50 + 2.30 cents   |
|         |           |for each $1 in excess of  |
|         |           |$2 000 000                |
|5 000 000|           |$96 782.50 + 2.50 cents   |
|         |           |for each $1 in excess of  |
|         |           |$5 000 000                |


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              By Authority: JOHN A. STRIJK, Government Printer