What is the Yield Tax and Land Use Change Tax?
A yield tax is assessed within 30 days after receipt of a report of wood or timber cut is filed. A land use change tax shall be due at the time of the change in use. The appropriate Warrant is forwarded to the Tax Collector. A bill is mailed and is due and payable 30 days after the mailing of tax bill. If the bill is not paid within the 30 days, interest will be charged at the rate of 18% per annum. Any bill not paid is also subject to the same proceedings as outlined in Tax Lien and Tax Deed Process.
Related Questions
- Under the Will of the Testator, a beneficiary was granted a right to reside. What happens to the land tax liability in respect of that land?
- I have just become a trustee of a new trust that recently bought Victorian land. What do I need to do for land tax purposes?
- What is the Yield Tax, Land Use Change Tax and Excavation/Gravel Tax?
