Local Government Act, 1946
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Rating of certain classes of property in urban area. |
21.—(1) For the purpose of the assessment and levying of the municipal rate on a hereditament situated in an urban area which is a borough and included in a class mentioned in the second column of Part I of the Second Schedule to this Act, the valuation of the hereditament shall be deemed to be reduced to the proportion, specified in the first column of that Part of that Schedule in respect of such class, of the actual valuation under the Valuation Acts of the hereditament. | |
(2) For the purposes of the assessment and levying of the municipal rate on a hereditament situated in an urban area which is not a borough and included in a class mentioned in the second column of Part II of the Second Schedule to this Act, the valuation of the hereditament shall be deemed to be reduced to the proportion, specified in the first column of that Part of that Schedule in respect of such class, of the actual valuation under the Valuation Acts of the hereditament. | ||
(3) Part II of the Second Schedule to this Act shall, in relation to a hereditament which is agricultural land within the meaning of the Rates on Agricultural Land (Relief) Act, 1939 (No. 23 of 1939), have effect as respects the first six local financial years during which this section is in force subject to the following modifications :— | ||
(a) in the case of the first of those years, the proportion of the valuation specified in the first column of the said Part shall be taken to be six-twentieths, | ||
(b) in the case of the second of those years, such proportion shall be taken to be seven-twentieths, | ||
(c) in the case of the third of those years, such proportion shall be taken to be eight-twentieths, | ||
(d) in the case of the fourth of those years, such proportion shall be taken to be nine-twentieths, | ||
(e) in the case of the fifth of those years, such proportion shall be taken to be ten-twentieths, | ||
(f) in the case of the sixth of those years, such proportion shall be taken to be eleven-twentieths. | ||
(4) Nothing in this section shall apply to or operate to reduce the annual value with reference to which the tax in respect of any hereditament under Schedules A and B of the Income Tax Act, 1918, is to be ascertained. |