Land tax extended to small investors: "Under the present system there is a tax-free threshold of $317,000 for second properties and an annual land tax rate of 1.7 per cent payable on the portion of land value above that. From July 1 land worth $400,000 or less that is not a primary place of residence will attract an annual land tax rate of 0.4 per cent. The marginal rate for that portion of the land worth between $400,000 and $500,000 has been cut from 1.7 per cent to 0.6 per cent, while an annual rate of 1.4 per cent (down from 1.7 per cent) will apply to anything above $500,000."

Land tax extended to small investors: "Under the present system there is a tax-free threshold of $317,000 for second properties and an annual land tax rate of 1.7 per cent payable on the portion of land value above that. From July 1 land worth $400,000 or less that is not a primary place of residence will attract an annual land tax rate of 0.4 per cent. The marginal rate for that portion of the land worth between $400,000 and $500,000 has been cut from 1.7 per cent to 0.6 per cent, while an annual rate of 1.4 per cent (down from 1.7 per cent) will apply to anything above $500,000."