Base Year Taxable Value definition

Base Year Taxable Value means the Taxable Value for the Property for the year in which this Agreement is executed.

Base Year Taxable Value means the actual value of the property as determined in section 403.19, subsection 1, multiplied by the percentage of adjustment certified for the assessment year specified in section 403.19, subsection 1, by the director of revenue on or before November 1 pursuant to section 441.21, subsection 9.

Base Year Taxable Value means the Taxable Value for the Land for the year in which the Tax Abatement Agreement is executed.

Examples of Base Year Taxable Value in a sentence

• Tax Increment is defined as the additional ad valorem tax generated by the increase in value of taxable real and personal property within the Project Area over and above the ad valorem taxes generated within the Project Area on the Base Year Taxable Value “(Tax Increment”).

• The remaining physical parameters can be found in [3], where the experiment is described in more detail.

• The School District’s share of Tax Increment are the taxes generated by the School District’s tax levy on the increased property value above the Base Year Taxable Value within the Project Area (“Tax Increment Share”).

• The term " Base Taxable Value or Base Year Taxable Value" shall mean the base taxable value of the property within the Amended Project Area from which tax increment will be collected, as shown upon the assessment roll last equalized before the date the Amended Project Area Plan is adopted by the North Ogden City legislative body; OR the agreed-upon value specified in a resolution or interlocal agreement as described under §17C-4-201(2).

• Current Year Taxable Value - Base Year Taxable Value = Increment.

More Definitions of Base Year Taxable Value

Base Year Taxable Value means the actual value of

Base Year Taxable Value means the total appraised value of the Improvements as certified by the Appraisal District for year in which the Tax Abatement Agreement is executed (2016).

Base Year Taxable Value means the Taxable Value of the Property as of January 1, of 2015. “Chapter 381 Payment(s)” or “Cash Incentives” shall mean that amount paid as a grant under Texas Local Government Code, Chapter 381, by County to Developer in an amount equal to 100 percent of Maintenance and Operations Rate portion of the Real Property Taxes collected and attributable to the Incremental Taxable Value in the calendar year immediately preceding the year in which a Chapter 381 Payment is requested plus 100 percent of rollback taxes assessed and collected by County on the Property. Such amount shall be calculated based upon the Incremental Taxable Value for each year of the Agreement, unless otherwise provided herein.

Base Year Taxable Value means the actual value of the property as determined in section 403.19, subsection 1, following application of the assessment limitations pursuant to section 441.21, subsection 9.

Base Year Taxable Value means the Taxable Value for the Property as of January 1, 2016.

Base Year Taxable Value means the taxable market value of a qualified residence in the base year

Base Year Taxable Value means the Taxable Value of the Property as of the 1st day of April, 2023, from which all increases in the Taxable Value of the Property shall be measured.