Property Tax Abatement Overall Condition. In no event shall any abatement of taxes on any parcel exceed the amount of property taxes specifically attributable to the new equalized assessed value generated by the construction of the improvements or the renovation or rehabilitation or existing improvements on such parcel.
Appears in 2 contracts
Samples: Intergovernmental Agreement, Intergovernmental Agreement
Property Tax Abatement Overall Condition. In no event shall any abatement of taxes on any parcel exceed the amount of property taxes specifically attributable to the new equalized assessed value generated by the construction of the improvements or the renovation or rehabilitation or of existing improvements on such parcel.
Appears in 1 contract
Samples: Intergovernmental Agreement
Property Tax Abatement Overall Condition. In no event shall any abatement of taxes on any parcel exceed the amount of property taxes specifically attributable to the new equalized assessed value generated by the construction of the improvements or the renovation or rehabilitation or existing improvements on such parcel.
Appears in 1 contract
Samples: Intergovernmental Agreement
