Taxability. For tax years beginning on or after the execution of the tax abatement agreement to the end of the agreement period taxes shall be payable as follows; (1) the value of ineligible property as provided in Section 3(e) shall be fully taxable; (2) the base year value of existing eligible property shall be fully taxable; and (3) the value of eligible property shall be taxable in the manner described in Section 3(g).
Appears in 7 contracts
Sources: Chapter 313 Value Limitation Agreement, Chapter 313 Value Limitation Agreement, Chapter 313 Value Limitation Agreement