Local Property Tax Act 2012 (Number 52 of 2012)
19 Local adjustment factor.
In section 20—
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(a) the rate of local property tax represented by “C” in the formula in section 17(1) (and disregarding any modification of it in the case dealt with by section 17(3)) is referred to as “the basic rate”, and
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[2]>
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(a) each of the following—
(i) the rate of local property tax represented by “C” in the formula in section 17(1) (including the foregoing rate as it applies in the case specified in section 17(3)(b)(i)), and
(ii) the rate of local property tax represented by “C” in the formula in section 17(1) that section 17(3)(b)(ii) provides shall apply in the case specified in that provision,
is referred to as the “basic rate”, and
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(a) the following are referred to as the “basic rate”:
(i) each of the rates represented by—
(I) ‘C’ in the formulae in subsections (4), (5) and (6) of section 17,
(II) ‘E’ in the formulae in subsections (5) and (6) of section 17, and
(III) ‘G’ in the formula in subsection (6) of section 17;
(ii) each amount of local property tax referred to in subsections (2) and (3) of section 17, and
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(b) the percentage specified in a resolution under section 20 as the percentage by which the basic rate should stand varied is referred to as the “local adjustment factor”.