Base Tax Year definition

Base Tax Year means the property tax levy year used

Base Tax Year s Extension" means the product of the

Base Tax Year means the New York City fiscal tax year commencing on July 1, 2009 through June 30, 2010.

Examples of Base Tax Year in a sentence

• 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.

• 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.

• 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.

• 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 Year

Base Tax Year means fiscal year July 1, 1999 to June 30, 2000, inclusive;

Base Tax Year means the property tax levy year used to calculate the Budget Year allocation of primary State aid.

Base Tax Year means the fiscal tax year commencing July 1, 2019 and ending June 30, 2020.

Base Tax Year as hereinafter set forth for the determination of real estate tax escalation shall mean the period commencing on July 1, 1997 and ending on June 30, 1998.

Base Tax Year. The fiscal tax year ending June 30, 2000.

Base Tax Year means the Tax Year (as defined in Article 28 hereof) 1998/1999.

Base Tax Year means the July 1, 2005 to June 30, 2006 Tax Year.