Abated Value definition
Abated Value means the Market Value of the Exempted Property for any given Tax Year that is exempt or abated under the CRA Abatement, multiplied by the Assessment Rate.
Abated Value means the value of the Improvements subject to taxation after the appraised value is reduced by the percentage of abatement each year during the term of the Abatement.
Abated Value means the assessed value of the Eligible Property as determined annually by the Williamson County Appraisal District on behalf of the County less the amount of the Base Year Value.
Examples of Abated Value in a sentence
The Abated Value, as determined in the base year by the FBCAD, of the Improvements shall be fully taxable.
Not later than March 31 of the sixth Exemption Year (the “Reconciliation Date”), the Developer shall determine if the actual Initial Value (including both the actual Abated Value and actual Non-Abated Value) for the first tax year for which the Project achieves Full Stabilization differs from the estimates reflected on Exhibit C.
More Definitions of Abated Value
Abated Value means $115,000,000 in residential assessed value of the Property that is expected to be abated under a City Community Reinvestment Area abatement for 15 years, which Abated Value will be adjusted annually by an assumed 1% appreciation rate.