Property Tax Abatement Sample Clauses

Property Tax Abatement. The abatement of property taxes imposed pursuant to NRS chapter 361 shall be equal to 55 percent of the taxes on real and personal property payable by Owner on the Facility each year. This abatement shall commence November 17, 2021 and shall terminate on November 17, 2041.
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Property Tax Abatement. The city agrees to xxxxx a percentage of the City portion of ad valorem prop- erty taxes from the PROJECT real property improvements and business/personal property/equipment valuations rendered at the PROJECT; annually determined and assessed by the Chief Appraiser of the County Appraisal District; for each year of the Agreement, beginning the year of the first annual val- uation after the First Anniversary date of the PROJECT; and
Property Tax Abatement. Please indicate the degree of property tax abatement, if any, being sought through the issuance of Chapter 100 bonds. Cerner Properties is requesting 100% real estate tax abatement for the first 15 years and 50% real estate tax abatement for the next 10 years. Although the Applicant expects to invest $15,000,000 in personal property for this project, no personal property tax abatement is requested.
Property Tax Abatement. DIG shall use all reasonable efforts to obtain a property tax abatement or otherwise minimize the amount of property tax payable on the Project. Reasonable efforts shall mean that level of effort normally exercised by entities similarly situated to DIG for projects of like kind to the Project. ROUGE shall provide reasonable assistance to DIG in seeking to obtain such abatement or adjustment. The rates in Appendix F are derived from the base property tax amounts shown in Exhibit E. In the event that the property tax payable by DIG and related to the Project (as currently defined) differs from the amount shown in Exhibit E, DIG shall include the prorated overage or underage based on the formula shown in Exhibit E in the next invoice prepared in accordance with Section 9 as either an additional charge or credit.
Property Tax Abatement. Developer acknowledges that qualification for property tax abatement through the City’s urban revitalization program will require the submission of a separate application as described in the program documents for the urban revitalization area.
Property Tax Abatement. Section 19 of the Annexation Agreement is hereby deleted in its entirety and replace with the following: “The City agrees to cause the Exchange Property to enjoy the standard tax abatement plan provided by the City to other industries which plan is described on Schedule 5, attached hereto and made a part hereof. The City further agrees to work with IRE and utilize its best efforts to obtain approval of the abatements described on Schedule 5 from other taxing districts not already a part of the plan, if any. The tax abatement plan shall commence upon the first day of the first full calendar year following completion of the Ethanol Production Facility and the commencement of Ethanol Production. The provisions of the preceding sentence are intended to permit IRE to receive the full benefit of the abatement by deferring any abatement until the first day of the first calendar year following completion of the Ethanol Production Facility.”
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Property Tax Abatement. The city agrees to xxxxx Thirty-five percent (35%) of the City portion of the real property and business/personal property taxes rendered at the Project; for each year for a maximum of Five (5) years from the Anniversary date of the Project, and
Property Tax Abatement. The City agrees, upon the terms and conditions hereinafter set forth, to make abatement of property taxes to Workiva for improvement to property located at 0000 Xxxxxxxxxx Xxxxxxxxx, Xxxx, Xxxx for a period of ten years, or a total amount not to exceed $2,740,000, whichever comes first, in order to assist in the financing of the project described in Article 2.2 of this agreement.
Property Tax Abatement. The project (estimated $1 billion or more in investment for building and equipment) can be financed with Industrial RevenueBonds (IRBs). The City of Arkadelphia and Xxxxx County agree to allow Sun Paper to finance the project with Industrial Revenue Bonds (IRBs) which allows the City and County to collect local property taxes at a reduced rate.
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