Base Tax definition

Base Tax means Taxes, as finally determined by settlement, court decision or otherwise, for the fiscal Tax Year ending June 30, 2008 except no effect shall be given to any abatement or other reduction.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Base Tax means the Taxes, as finally determined, for the Base Tax Year.

Base Tax means the Taxes for the fiscal year commencing July 1, 2014 and ending June 30, 2015 (such fiscal year being hereinafter referred to as the “Base Tax Year”).

Examples of Base Tax in a sentence

It is the intention of Landlord and Tenant that the Monthly Rent paid to Landlord throughout the term of this Lease shall be absolutely net of all increases, respectively, in Tax Expenses and Operating Expenses over, respectively, Tax Expenses for the Base Tax Year and Operating Expenses for the Base Year, and the foregoing provisions of this Paragraph 7 are intended to so provide.
If Base Real Estate Taxes are reduced as the result of protest, by means of agreement, as the result of legal proceedings, or otherwise, Landlord may adjust Tenant’s obligations for Real Estate Taxes in all years affected by any refund of taxes following the Base Tax Year; and Tenant shall pay Landlord within thirty (30)days after notice any additional amount required by such adjustment for any Adjustment Periods that have theretofore occurred.
Tenant shall be entitled to receive a share of any refund or abatement of Real Estate Taxes received by Landlord to the extent of and in proportion to Tenant’s actual contribution to the amount of Real Estate Taxes paid by Landlord during the period to which such refund or abatement relates, but in no event shall Tenant be entitled to any refund with respect to Real Estate Taxes paid by Landlord during Tenant’s Base Tax Year.
Notwithstanding the foregoing, if any reassessment, reduction or recalculation of any item included in Tax Expenses during the term results in a reduction of Tax Expenses, then for purposes of calculating Tenant's Share of increases in Tax Expenses from and after the calendar year in which such adjustment occurs, Tax Expenses for the Base Tax Year shall be adjusted to reflect such reduction.
Tenant shall pay to Landlord as Additional Rent under this Lease, at the times hereinafter set forth, Tenant’s Share, as specified in Paragraph 2.e. above, of any increase in Tax Expenses (as defined below) incurred by Landlord in each calendar year subsequent to the Base Tax Year specified in Paragraph 2.f. above, over Tax Expenses incurred by Landlord during the Base Tax Year.

More Definitions of Base Tax

Base Tax means the Taxes for the Tax Year commencing July 1, 2000, and ending on June 30, 2001 by (ii) the real property tax rate for such Tax Year.

Base Tax means one-half (1/2) of the sum of (a) the Taxes, as finally determined, for the fiscal year July 1, 2016 to June 30, 2017 and (b) the Taxes, as finally determined, for the fiscal year July 1, 2017 to June 30, 2018.

Base Tax means a sum determined by applying the tax rates set forth on tax bills rendered by the taxing authorities for the tax year of each such taxing authority during which this lease is executed to the assessed valuations (after any reduction in said assessment as a result of any tax abatement or other tax relief of any nature whatsoever) of the Real Property for the tax year during which the Commencement Date shall occur. "Tax Year" shall mean the fiscal period for each Tax affecting the property (whether or not a calendar year) as established by each taxing authority. Any and all tax abatements shall be for the benefit of Landlord.

Base Tax means the amount of Taxes, as finally determined, payable by Owner for the Base Tax Year.

Base Tax means the Taxes for the period July 1, 1996 through June 30, 1997 (the "Base Tax Year").

Base Tax is the product of the tax rates set forth on tax bills rendered for each Tax for the Tax Year during which January 1, 1995 occurs multiplied by the assessed valuations of the Real Property for the Tax Year during which January 1, 1995 occurs. "Tax Year" shall mean the fiscal period for each Tax. Any and all tax abatements shall be for the benefit of Owner.*

Base Tax imposed upon the Project shall mean the amount of the taxes payable on the Grand List of October 1, 1986, in the amount of $122,791.46.