South Australian Numbered Acts

STATUTES AMENDMENT (BUDGET 2005) ACT 2005 (NO 28 OF 2005) - SECT 7

7—Amendment of section 8—Scale of land tax

Section 8(1), table—delete the table and substitute:

Taxable value of land	Amount of tax
Not exceeding $110 000	Nil
Exceeding $110 000 but not exceeding $350 000	$0.30 for every $100 or fractional part of $100 over $110 000
Exceeding $350 000 but not exceeding $550 000	$720 plus $0.70 for every $100 or fractional part of $100 over $350 000
Exceeding $550 000 but not exceeding $750 000	$2 120 plus $1.65 for every $100 or fractional part of $100 over $550 000
Exceeding $750 000 but not exceeding $1million	$5 420 plus $2.40 for every $100 or fractional part of $100 above $750 000
Exceeding $1 million	$11 420 plus $3.70 for every $100 or fractional part of $100 above $1 million.