13. Land Tax.
Land Tax is at the rate of 1d. in £1 on the value of land, less improvements and mortgages, after deducting an exemption of £500 on estates of an unimproved value of £1500 or under, and a gradually diminishing exemption up to £2500, when the exemption vanishes. (Mortgagees are taxed as if holders of land.)
Graduated Land Tax, in addition, on estates of an unimproved value (including mortgages) of £5000 or upwards. Rate of tax is graduated, commencing with ⅛ penny, and gradually increasing by eighths to a maximum of 2d. on properties valued at £210,000 or upwards. (Absentees pay 20 per cent. additional.)
(a) Land Owners in New Zealand— |
|
|
|
|
Percentage. |
Paying tax |
12,360 |
13 ½ |
Exempt from tax |
79,141 |
86 ½ |
Total |
91,501* |
100 |
(b) Value of Private Land—
Without improvements— |
Acres. |
Percentage. |
Taxed |
48,480,000 |
53 |
Exempt |
5,947,175 |
6 |
|
54,427,175 |
59 |
Improvements |
37,943,991 |
41 |
Total |
92,371,166 |
100 |
(c) Land Tax Payable 1893–4—
Ordinary |
£202,000 |
Graduated |
83,000 |
Total |
£285,000 |
page 452
(d) Cost of Collection (average)—
Per £100 revenue from Land and Income Taxes |
£4 18 6 |
(e) Occupations of Taxpayers, 1892–3.
|
Ordinary Land Tax. |
|
Graduated Land Tax. |
|
Income Tax. |
|
Designation. |
No. of Payers. |
Amount. |
No. of Payers. |
Amount. |
No. of Payers. |
Amount. |
|
|
£ |
£ |
£ |
Professional — clergymen, lawyers, doctors, authors, editors, engineers, surveyors, and architects |
449 |
6,612 |
42 |
755 |
652 |
6,153 |
Civil servants, officers of local bodies, teachers, &c. |
173 |
773 |
5 |
10 |
391 |
1,498 |
Retired professional men, merchants, and others |
154 |
6,610 |
45 |
1,660 |
89 |
692 |
Merchants, importers, warehousemen, contractors, &c.—firms |
92 |
2,603 |
22 |
243 |
111 |
8,383 |
Merchants, importers, warehousemen, contractors, &c.—persons |
300 |
5,770 |
56 |
1,306 |
127 |
2,010 |
Tradesmen, wholesale and retail shopkeepers, storekeepers, carriers, &c. |
1,251 |
6,182 |
41 |
204 |
558 |
5,592 |
Working storemen, mechanics, labourers, shepherds, miners, sailors, &c. |
220 |
474 |
2 |
7 |
29 |
62 |
Manufacturers, brewers, millers, founders, sawmillers, shipbuilders, &c. |
170 |
1,697 |
19 |
175 |
139 |
2,280 |
Graziers, sheepfarmers, farmers, dairymen, &c. |
4,760 |
60,203 |
766 |
28,015 |
97 |
1,123 |
Land, commission, or general agents, auctioneers, accountants, brokers, commercial and other managers, clerks, bookkeepers, master mariners |
397 |
4,220 |
35 |
323 |
914 |
6,112 |
Widows, wives’ trustees, spinsters |
1,837 |
13,574 |
57 |
689 |
58 |
483 |
Other trust estates and estates of deceased persons |
|
1,522 |
33,455 |
210 |
6,738 |
26 |
362 |
Absentees |
784 |
21,053 |
114 |
4,109 |
20 |
139 |
Companies— |
|
|
|
|
|
|
Banks |
6 |
4,596 |
6 |
2,512 |
4 |
3,076 |
Life insurance |
6 |
6,771 |
6 |
446 |
8 |
4,573 |
Loan |
30 |
26,567 |
14 |
2,700 |
15 |
1,656 |
Land |
19 |
16,579 |
13 |
15,232 |
3 |
396 |
Mercantile |
36 |
4,850 |
9 |
492 |
84 |
10,960 |
Manufacturing |
23 |
1,832 |
8 |
463 |
44 |
5,254 |
Manufacturing and mercantile |
15 |
1,495 |
5 |
791 |
21 |
3,336 |
Mining (coal) |
6 |
92 |
2 |
8 |
7 |
1,325 |
Mining (gold) |
|
|
|
|
23 |
2,735 |
Fire and marine insurance |
9 |
2,631 |
3 |
221 |
28 |
5,427 |
Building societies |
37 |
1,968 |
1 |
19 |
|
|
Church property— |
|
|
|
|
|
|
Corporation and trusts |
64 |
1,974 |
10 |
762 |
|
|
Totals |
12,360 |
232,581 |
1,491 |
67,880 |
3,448 |
73,627 |