Assessed Parcel definition

Assessed Parcel means each respective parcel of land located within Improvement Area #1 of the District against which an Improvement Area #1 Assessment is levied by the Assessment Ordinance in accordance with the Service and Assessment Plan.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Assessed Parcel means those parcels with one or more Dwelling Units which are specially benefitted by the provision of solid waste collection and disposal services and which are subject to the Solid Waste Assessments authorized by this Initial Resolution.

Assessed Parcel means, in any Fiscal Year, any Taxable Parcel that meets all five of the following conditions: (i) there is a building on the Taxable Parcel for which a Certificate of Occupancy has been issued; (ii) based on all information available to the Administrator, the Baseline Assessed Value has been determined for the Taxable Parcel; (iii) ad valorem taxes have been levied on the Taxable Parcel based on the Baseline Assessed Value of the building; (iv) by the end of the prior Fiscal Year, at least one year of ad valorem taxes based upon the Baseline Assessed Value of the building have been paid; and (v) the Taxable Parcel does not have outstanding delinquencies in the payment of ad valorem property taxes or Special Taxes at the latest point at which the Administrator is able to receive delinquency information from the County prior to submitting the Development Special Tax levy in any Fiscal Year. Once a Taxable Parcel has been categorized as an Assessed Parcel, such Taxable Parcel shall be considered an Assessed Parcel in all future Fiscal Years in which there are no outstanding delinquencies for the Parcel, regardless of increases or decreases in assessed value.

Examples of Assessed Parcel in a sentence

• Notwithstanding the foregoing, the City shall not be required under any circumstances to purchase or make payment for the purchase of the delinquent Assessments or the corresponding Assessed Parcel.

• Any Landowner who is a Builder shall attach the Recorded Notices and the final Assessment Roll for such Assessed Parcel (or if the Assessment Roll is not available for such Assessed Parcel, then a schedule showing the maximum 30 year payment for such Assessed Parcel) as an addendum to any residential homebuyer’s contract.

• Within 10 days after written request from any Party, the other Parties shall provide a written certification indicating whether this Agreement remains in effect as to an Assessed Parcel and whether any Party is then in default hereunder.

• The following notice is required to be given by any seller of any Assessed Parcel that is “resident ia l real property” as defined in Section 5.014 of the Texas Property Code to the purchaser of such residential real property: As the purchaser of a parcel of residential real property located in a public improvement district, you are obligated to pay a Special Assessment to the City for improvement projects undertaken by the District under Chapter 372, Local Government Code.

• This Agreement shall terminate as to each Assessed Parcel upon payment in full of the 2020 Northern Improvement Area Special Assessment against the Assessed Parcel.

More Definitions of Assessed Parcel

Assessed Parcel means, in any Fiscal Year, any Taxable Parcel that meets all five of the

Assessed Parcel means each respective parcel of land located within the Assessed Phases within the District upon which an Assessment has been levied by an Assessment Order in accordance with the Service and Assessment Plans.

Assessed Parcel means a parcel of property which is within the Assessment District and upon which is levied assessments or reassessments securing Local Obligations.

Assessed Parcel shall have the meaning assigned to such term in the Indenture.

Assessed Parcel means a parcel of property which is within any Series 2014A District and upon which is levied assessments or reassessments securing Local Obligations.

Assessed Parcel means, for any year, Parcels within the District other than Non- Benefited Property.

Assessed Parcel means those parcels which are specially benefitted by the availability of and provision of fire protection services, facilities and programs and which are subject to the Fire Protection Assessment.