3.—(1) Subject to this Order, there shall be allowed for the period from 1st January 2008 to 31st December 2009, a remission of an amount of $100 of the annual property tax payable in respect of any —| (a) | owner-occupied dwelling-house to which the Property Tax (Rate for Owner-Occupied Residential Premises) Order (O 10) applies; and | | (b) | vacant land to which the Property Tax (Residential Premises under Construction) (Remission) Order (O 17) applies. |
| (2) Where the annual property tax payable in respect of a dwelling-house or vacant land referred to in sub-paragraph (1) is less than $100, the remission in respect of that dwelling-house or vacant land, as the case may be, shall be the amount of the annual property tax payable. |
| (3) Where a dwelling-house is not owner-occupied during any part of the period of remission referred to in sub-paragraph (1), the owner of the dwelling-house shall be allowed the remission for such period that the dwelling-house is owner-occupied on a pro-rata basis. |
| (4) Where the Property Tax (Residential Premises under Construction) (Remission) Order ceases to apply in respect of a vacant land during any part of the period of remission under sub-paragraph (1), the owner of the vacant land shall be allowed the remission for such period that that Order applies in respect of the vacant land on a pro-rata basis. |
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