Rate of property tax in Belize City

(1) Notwithstanding the provisions of sections 19 and 20 of this Act, the property tax in Belize City shall be levied in accordance with the provisions of this section. City. (2) The rate of property tax to be levied in Belize City in respect of any property, whether occupied or unoccupied, shall be assessed on the market value thereof and such tax shall be applied towards the costs of services provided by the Belize City Council and the maintenance of its infrastructure. 22 (3) The rate of tax under this section shall be fixed by the Minister annually on the recommendation of the Belize City Council but shall, in no case, exceed two per centum of the market value of the property. (4) This section shall come into force on a day to be appointed by the Minister by Order published in the Gazette. made.