Finance (Local Property Tax) Act 2012

Local adjustment factor.

19.— In section 20

(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

(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”.