APPRAISAL LIMITATION. Upon Applicant’s Qualified Investment in the amount of $10,000,000.00 or more during the Qualifying Time Period, and unless this Agreement is terminated as herein provided, the Appraised Value of the Applicant’s Qualified Property for the District’s maintenance and operations ad valorem tax purposes shall not exceed the lesser of the Market Value of the Qualified Property or $10,000,000.00 for the third (3rd) through the tenth (10th) full calendar years of the tax limitation under this Agreement, as provided in Chapter 313 of the Code.
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Samples: Limitation on Appraised Value Agreement, Appraised Value Agreement, Appraised Value Agreement
APPRAISAL LIMITATION. Upon Applicant’s Qualified Investment in the amount of $10,000,000.00 20,000,000.00 or more during the Qualifying Time Period, and unless this Agreement is terminated as herein provided, the Appraised Value of the Applicant’s Qualified Property for the District’s maintenance and operations ad valorem tax purposes shall not exceed the lesser of the Market Value of the Qualified Property or $10,000,000.00 20,000,000.00 for the third (3rd) through the tenth (10th) full calendar years of the tax limitation under this Agreement, as provided in Chapter 313 of the Code.
Appears in 4 contracts
Samples: Appraised Value Agreement, Appraised Value Agreement, Limitation on Appraised Value Agreement
APPRAISAL LIMITATION. Upon Applicant’s Qualified Investment in the amount of $10,000,000.00 30,000,000.00 or more during the Qualifying Time Period, and unless this Agreement is terminated as herein provided, the Appraised Value of the Applicant’s Qualified Property for the District’s maintenance and operations ad valorem tax purposes shall not exceed the lesser of the Market Value of the Qualified Property or $10,000,000.00 30,000,000.00 for the third (3rd) through the tenth (10th) full calendar years of the tax limitation under this Agreement, as provided in Chapter 313 of the Code.
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APPRAISAL LIMITATION. Upon Applicant’s Qualified Investment in the amount of $10,000,000.00 5,000,000.00 or more during the Qualifying Time Period, and unless this Agreement is terminated as herein provided, the Appraised Value of the Applicant’s Qualified Property for the District’s maintenance and operations ad valorem tax purposes shall not exceed the lesser of the Market Value of the Qualified Property or $10,000,000.00 5,000,000.00 for the third (3rd) through the tenth (10th) full calendar years of the tax limitation under this Agreement, as provided in Chapter 313 of the Code.
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