(1) The Kerala Bmldmg Tax urdmance, 19i4 (16 Of 1974), IS hereby repealed
(2) Notw1thstandmg such repeal, anything done or 1eemed to have been done or any action taken or deemed to have been taken under the said Ordmance shall be deemed to llave been done or taken under this Act.
THE SCHEDULE (See sectwn 5) Rate of building tax Capttal value Rate of tax
1. Where the capital value of a bmldmg is Rs. 20,000 or less Nil
2. Where the capital value of a building · exceeds Rs. 20,000-
(a) on the first Rs. 5,000 of such excess 1 per cent
(b) on the next Rs 25,000 of such excess 2 per cent
(c) on the next Rs 50,000 of such excess 5 per cent
(d) on the next Rs 50,000 of such excess 8 per cent
(e) on the next Rs 50,000 of such excess 10 per cent
(f) on the balance 15 per cent