Rate of assessment of lands used for non-agricultural purposes

Rate of assessment of lands used for non-agricultural purposes.—

1. (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. (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.