Land tax for 2016-17

Fixed Charge:  $1,090

Marginal Rates that apply to property AUV:

 
AUV up to $75,0000.41 %
AUV from $75,001 to $150,0000.48 %
AUV from $150,001 to $275,0000.61 %
AUV of $275,001 and above1.23 %

The following percentages (based on the number of days in each quarter) apply to land tax calculations for the relevant quarter:

Quarter

Non Leap Year

Leap Year

July-September25.2054%25.1366%
October-December25.2054%25.1366%
January-March24.6575%24.8633%
April-June24.9315%24.8633%

Quarterly land tax assessments in 2016-17 are calculated in accordance with the following formula:

(FC + (AUV x rate)) x number of days in the quarter divided by number of days in the year.