Base Year Taxes definition

Base Year Taxes means the product of the final assessed value, as the same may subsequently be adjusted in any appeal of the tax assessor's valuation, of the Property, the Building and any other improvements on the Property in the Base Year and the Municipality's lowest tax rate for office buildings and the property on which they stand in effect during the Base Year.

Base Year Taxes means the actual Taxes incurred by Landlord during the 1998-1999 tax year per rentable square foot.

Base Year Taxes means the Real Estate Taxes as finally determined for the Base Tax Year.

Examples of Base Year Taxes in a sentence

• Likewise, if a change is obtained for Taxes for the Base Year, Taxes for the Base Year shall be restated and the Tax Excess for all subsequent years shall be recomputed.

• In no event shall the Tenant be liable for any increase in Taxes, or any portion thereof, attributable to the Landlord’s election to take the benefit of any tax abatement statutes or similar provisions but, instead, the Base Year Taxes shall be computed as if no such abatement existed.

• The amount of Taxes for the Base Year, as defined above, shall be the amount finally determined to be legally payable by legal proceedings or otherwise; provided further, however, that in the event the Base Year Taxes are reduced through legal proceedings after the execution of this Lease, the Landlord shall contest any subsequent increase in assessed valuation unless the Landlord, acting reasonably and in good faith, determines that such contest would be futile.

• When calculating Taxes for purposes of establishing the Taxes for the Base Year, Taxes shall not include Taxes attributable to one-time special assessments, charges, costs, or fees arising from modifications or changes in Laws, including, but not limited to, the institution of a split tax roll during the Base Year.

• The Annual Rent and Monthly Installment of Rent shall be adjusted pursuant to Article 4 of the Lease and Tenant shall pay during the Term Tenant’s Proportionate Share of the excess Expenses and Taxes over Base Year (Expenses) (calendar year 2010) and Base Year (Taxes) (calendar year 2010) respectively (subject to Section 4.2 of the Original Lease), together with all other charges and payments due under the Lease as therein set forth.

More Definitions of Base Year Taxes

Base Year Taxes means actual Taxes incurred by the Landlord with respect to the Property and the Building with respect to the Base Year.

Base Year Taxes. The amount of Taxes incurred with respect to the Tax Base Year determined in accordance with subsection 5.02(iv) (including the grossing up thereof as provided therein).

Base Year Taxes means (x) with respect to Taxes imposed on a fiscal year basis, the Taxes actually due and payable with respect to the 2014/2015 fiscal tax year, as finally determined, and (y) with respect to Taxes imposed on a calendar year basis, the Taxes actually due and payable with respect to the 2014 calendar year, as finally determined.

Base Year Taxes means the real estate taxes payable with respect to the Building, any improvements related thereto and the land on which the Building or such other improvements are situated for the tax year in which the First Offer Space Inclusion Date occurs multiplied by applying the applicable tax rate to the base year tax assessment for such tax year; (b) “base tax year” shall mean the tax year in which the First Offer Space Inclusion Date occurs; and (c) “base tax year assessment” shall mean the taxable assessed value (giving effect to any abatement, exemption or credit) of the Building, other improvements related thereto and the land on which the Building is situated for the applicable tax year; and

Base Year Taxes means the Taxes, as finally determined, for the Base Tax Year including, but not limited to any reductions in assessed value during the term of this lease;

Base Year Taxes means the aggregate amount of Taxes payable by Landlord in respect of the Unit for the Tax Base Year.

Base Year Taxes means, with respect to the Premises (including the Expansion Space), the Taxes for the Taxes Base Year of 2004 computed by Landlord in conformity with the Lease. All references within the Lease to the Base Year Taxes shall be amended in the same manner.