Amendment status not verified — confirm the current text below against the official source.
Rate of assessment of lands used for non-agricultural purposes.— (1) Subject to the provisions of this section, the rate of assessment in respect of lands in urban areas— (a) used for purposes of residential building, shall be the standard rate of non- agricultural assessment; (b) used for the purposes of industry, shall be one and one half times the standard rate of non-agricultural assessment; (c) used for purposes of commerce, shall be twice the standard rate of non- -agricultural assessment; (d) used for any other non-agricultural purpose, shall be fixed by the Collector, at a rate not less than the standard rate of non-agricultural assessment, and not exceeding one and one-half times that standard rate, regard being had to the situation, and special advantages or disadvantages attaching to such lands. (2) Where any land is used for any non-agricultural purpose for a period of six months or less, the non-agricultural assessment shall be half of that fixed for land used for that non-agricultural purpose.