Tax Increment means the difference between:
Tax Increment means that amount obtained by multiplying the total county, city, school and other local general property taxes levied on all taxable property within a TID in a year by a fraction having as a numerator the value increment for that year in the district and as a denominator that year’s equalized value of all taxable property in the TID.
Tax Increment means the collections realized from extending the tax levies, expressed in
Examples of Tax Increment in a sentence
The purpose of the City of Appleton Business Enhancement Grant Program in Tax Increment Financing District #12 (TIF District) is to encourage investments and improvements to commercial properties that are readily visible to the public.
More Definitions of Tax Increment
Tax Increment means that portion of the property taxes generated by the Property and Minimum Improvements that is actually remitted to the City as tax increment under the Tax Increment Act.
Tax Increment means all real property tax proceeds attributable to the assessed valuation within the Allocation Area, as of each assessment date in excess of the base assessed value as described in IC 36-7-14-39(b)(1). The incremental assessed value is multiplied by the then current property tax rate (per $100 assessed value).
Tax Increment means that portion of the real property taxes which is paid with respect to the TIF District and which is remitted to the Authority as tax increment pursuant to the Tax Increment Act.
Tax Increment means the difference between the amount of property tax revenues generated each tax year by all taxing entities from the Project Area using the current assessed value of the property and the amount of property tax revenues that would be generated from the same area using the base taxable value of the property.
Tax Increment means the same as that term is defined in Section 17C-1-102.
Tax Increment means the amount of regular levy property taxes attributable to the
Tax Increment means for any tax year the amount by which the assessed value as of January 1 preceding that tax year exceeds the original assessed value.