Would rates be payable on the Unimproved Value of each parcel of rural land?
• This is an important issue, as it has the potential to reduce the rate contributions payable by a person who owns more that one parcel of rateable land within a Zone, if a minimum rate contribution applies on land within the Zone. • It is intended that sections 11 and 12 of the Land Tax Assessment Act 2002 would apply for the assessment of rate contributions. This means that: • If a person owns 2 or more lots or parcels of rateable land within a Zone, rates would be payable on the aggregated Unimproved Value of all rateable land owned by the person; • If a person owns two or more parcels of land in two separate Zones, rates are payable upon the aggregated value of land in each Zone, and separate rate assessments would be made for the aggregated land in each Zone, and • If a person owns two parcels of land within a Zone and that person is the sole owner of one parcel of land, and owns the other parcel of land in a partnership with another person(s), separate rates assessments would be
