Examples of Equalized assessed value in a sentence
The abatement(s) will be calculated by taking the cumulative Equalized Assessed Value (EAV) of all three (3) parcels after Development less the cumulative EAV of all three (3) parcels as of the date of this Agreement.
The City will provide to Owner an abatement of the City's real estate taxes attributable to any new improvements added to the Property, over six (6) years, commencing with the real estate taxes for the year 2017, payable in 2018, as follows: 50% of the City’s real estate taxes attributable to the increased Equalized Assessed Value from real estate tax year 2017 to 2018.
Total Initial Equalized Assessed Value," that amount certified by the County Assessor as the total equalized assessed value of all taxable real property within a Redevelopment Project Area, determined by adding together the most recently ascertained equalized assessed value of each taxable lot, block, tract or parcel of real property within such Redevelopment Project Area immediately after a Redevelopment Project Ordinance approving the such Redevelopment Project Area has been approved by the City Council.