Property Tax (Owner-Occupied Residential Premises) (Remission) Order

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Not current version
(version history — see timeline)

Property Tax Act

(Chapter 254, Section 6(5A))

Property Tax (Owner-Occupied Residential Premises) (Remission) Order

O 16

G.N. No. S 375/1993

REVISED EDITION 1994

(1st April 1994)

[1st April 1994]

Citation

1. This Order may be cited as the Property Tax (Owner-Occupied Residential Premises) (Remission) Order.

Definition

2. In this Order, “owner-occupied dwelling-house” has the same meaning as in the Property Tax (Rate for Owner-Occupied Residential Premises) Order (O 10).

Remission of property tax

3. Subject to paragraph 4, there shall be allowed in respect of any owner-occupied dwelling-house with an annual value set out in the first column of the Schedule a remission of the annual property tax payable in respect of the owner-occupied dwelling-house of the amount set out in the second column thereof:

Provided that where there is a revision of the annual value of the owner-occupied dwelling-house in any year, the remission of the property tax payable in respect of the owner-occupied dwelling-house for that year shall be adjusted on a pro-rata basis.

Exceptions

4. This Order shall not apply to any owner-occupied dwelling-house —

(a)	with an annual value exceeding $9,999; or
(b)	in respect of which the owner-occupier’s rate under the Property Tax (Rate for Owner-Occupied Residential Premises) Order does not apply.

No remission on surcharge payable

5. Nothing in this Order shall be construed as allowing a remission of any surcharge on property tax levied under the Property Tax (Surcharge) Act (Cap. 255).

First column

Second column.

Where the annual value of the property for the time being

Remission

(a)

Does not exceed $5,000

$150 or the actual annual property tax, whichever is the lower

(b)

Exceeds $5,000 but does not exceed $6,000

$125

(c)

Exceeds $6,000 but does not exceed $7,000

$100

(d)

Exceeds $7,000 but does not exceed $8,000

$75

(e)

Exceeds $8,000 but does not exceed $9,000

$50

(f)

Exceeds $9,000 but does not exceed $9,999

$25.

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