Schedule 2
(Section 3)
The rates of tax on lands and houses to be raised, levied, and collected shall be as follows—
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(a) upon land—
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(i) of 10 acres or less, no tax,
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(ii) over 10 acres but less than 50 acres $0.25 per acre or part of an acre,
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(iii) of 50 acres and over but less than 100 acres $0.50 per acre or part of an acre,
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(iv) of 100 acres and over but less than 500 acres $0.75 per acre or part of an acre,
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(v) of 500 acres and over $ 1 per acre or part of an acre.
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(b) upon residential property, 0.25% of the open market value;
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(c) upon commercial property, 0.4% of the open market value.
(Inserted by Act 30 of 2001 and amended by Act 4 of 2011)