(1) The Comptroller shall annually raise, levy, collect and pay into the Treasury a tax on all immovable property whether land or house—
(a) situated anywhere in Saint Lucia; and
(b) included in the tax rolls prepared under the authority of this or any other law,
at such rates as are prescribed in Schedule 2.
(2) The Minister may prescribe different rates of tax payable in respect of such immovable property situated in different parts of Saint Lucia according to—
(a) whether the property is a residential property;
(b) whether the property is a commercial property.
(3) The Minister may by notice in the Gazette amend Schedule 2.
(Substituted by Act 30 of 2001)