RES 307 Draft 01 2024-2026 - Laserfiche WebLink

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least $10,000,000 [er- great-er-;], but less than $14,000,000: $3.00 per $100; (H) For properties with a value of at least $14,000,000, but less than $18,000,000: $4.00 per $100; (I) For properties with a value of at least $18,000,000, but less than $22,000,000: $5.00 per $100; (J) For properties with a value of at least $22,000,000, but less than $26,000,000: $6.00 per $100; and (K) For properties with a value of $26,000,000 or greater: $7.00 per $100, of [sueh] the actual and full consideration; provided that in the case of a lease or sublease, this chapter shall apply only to a lease or sublease whose full unexpired term is for a period of five years or more[, and in these eases, inelading (where appr� rate) theseeaseswhere t ] ; provided further that if a lease has been extended or amended, the tax in this chapter shall be based on the cash value of the lease rentals discounted to present day value and capitalized at the rate of six per cent, plus the actual and full consideration paid or to be paid for any and all improvements, if any, that shall include on -site as well as off -site improvements, applicable to the leased premises; and provided further that the tax imposed for each transaction shall be not less than $1.