Back taxes definition

Back taxes means the property taxes that would have been paid but for the existence of the property tax exemption during the three years immediately preceding the cancellation or removal of the exemption or during the life of the exemption, whichever is less, plus interest at the same rate and computed in the same way as delinquent property taxes. However, if the property was exempt under RCW 84.36.050(2), "back taxes" means the taxes that would have been col- lected but for the existence of the property tax exemption during the seven years immediately preceding the cancellation or removal of the exemption or during the life of the exemption, whichever is less.
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Back taxes means the property taxes that would have been paid but for the existence of the property tax exemption during the three years immediately preceding the cancellation or removal of the exemption or during the life of the exemption, whichever is less, plus interest at the same rate and ((computed)) calculated in the same way as delinquent property taxes((, see)). RCW 84.36.810. However, "back taxes" are calculated differently when an exemption is ((cancelled)) canceled or removed from property owned by a not-for-profit foundation established for the exclusive support of an institution of higher edu- cation under RCW 84.36.050(2) or a nature conservancy under RCW
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Back taxes means the property taxes that would have been paid but for the existence of the property tax exemption during the three years immediately preceding the cancellation or removal of the exemption or during the life of the exemption, whichever is less, plus interest at the same rate and calculated in the same way as delinquent property taxes. RCW 84.36.810. However, "back taxes" are calculated differently when an exemption is canceled or removed from property owned by a not-for-profit foundation established for the exclusive support of an institution of higher education under RCW 84.36.050(2) or a nature conservancy under RCW 84.36.260. See RCW 84.36.810 (1)(b) and WAC 458-16-150 Cessation of use—Taxes collectible for prior years, regarding not-for-profit foundations and RCW 84.36.262 and WAC 458-16-290 Nature conservancy lands, regarding nature conservancies for a more detailed explanation of the back taxes imposed on these en- tities.
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Examples of Back taxes in a sentence

  • Back taxes and assessments for back taxes, if any, shall be paid by Seller.

  • If the Property is under a special land use assessment and roll back taxes are assessed due to a change in use by Buyer, then Buyer shall be solely responsible for any "Roll Back" taxes that may be assessed.

  • Pay appropriate Roll Back taxes as determined by Box Elder County for a property that is being subdivided and was previously taxed as Green Belt property.

  • For the current year Back taxes Conveyance to be subject to building restrictions of record Existing leases Possession to be given Fire Insurance Seller to bear risk of hazard loss through date of deed.

  • If the Property is under a special land use assessment and roll back taxes are assessed due to a change in use by ▇▇▇▇▇, then Buyer shall be solely responsible for any "Roll Back" taxes that may be assessed.

  • Back taxes, if any, shall be paid by SELLER; (b) SELLER’s hazard insurance will be canceled.

  • For the current year Back taxes Conveyance to be subject to building restrictions of record Existing leases Possession to be given Fire Insurance Seller to bear risk of hazard loss through date of deed COMMISSION: Upon consummation of this contract the seller shall pay ▇▇▇ ▇▇▇▇▇ AUCTION COMPANY LLC as Agent, a commission as agreed under a separate listing contract.