Taxability. (a) During the Abatement Period, taxes shall be payable as follows: (1) The value of the land comprising the Property shall be fully taxable; (2) The Base Year Value of any existing improvements to the Property shall be fully taxable; (3) The value of Ineligible Property shall be fully taxable; and (4) The Added Value of Eligible Property shall be abated as set forth in Section 6.
Appears in 3 contracts
Sources: Tax Abatement Agreement, Tax Abatement Agreement, Tax Abatement Agreement