Common use of Base Taxes Clause in Contracts

Base Taxes. The Taxes for the tax year 2023, as they may be reduced by the amount of any abatement. The “tax year” shall mean the twelve (12) month period commencing January 1 of each year, or such other period of twelve (12) months as may be duly adopted as the fiscal year for real estate tax purposes in ▇▇▇▇▇▇ County, New Jersey. Tax Excess: Tenant’s Percentage of the amount by which Taxes for any tax year during the Term exceed Base Taxes.