{"component": "definition", "props": {"groups": [{"size": 139, "snippet": "means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.", "snippet_links": [{"key": "assessed-value", "type": "clause", "offset": [10, 24]}, {"key": "eligible-property", "type": "definition", "offset": [28, 45]}, {"key": "execution-of-the-agreement", "type": "clause", "offset": [70, 96]}, {"key": "agreed-upon-value", "type": "definition", "offset": [106, 123]}, {"key": "property-improvements", "type": "definition", "offset": [136, 157]}, {"key": "after-january", "type": "clause", "offset": [163, 176]}], "samples": [{"hash": "W1chuPhmre", "uri": "/contracts/W1chuPhmre#base-year-value", "label": "Tax Abatement Agreement", "score": 28.1992759705, "published": true}, {"hash": "dwUNk8WLbkA", "uri": "https://1537475.fs1.hubspotusercontent-na1.net/hubfs/1537475/Financial%20Information/Port%20Freeport%20Tax%20Abatement%20Guidelines%20and%20Criteria%20Sep%2026%202024%20to%20Sep%2025%202026.pdf", "label": "1537475.fs1.hubspotusercontent-na1.net", "score": 19.4773521423, "published": false}, {"hash": "hNC4tbN6Xfn", "uri": "https://1537475.fs1.hubspotusercontent-na1.net/hubfs/1537475/Port%20Commission/Meeting_Agendas/Committee/Committee%202024/Sept%2012%202024%20Finance%20Comm%20Agenda%20Packet.pdf", "label": "1537475.fs1.hubspotusercontent-na1.net", "score": 19.3810997009, "published": false}], "hash": "691eeec4f181255127f2c3b355953bf3", "id": 1}, {"size": 16, "snippet": "means the amount, measured in money, that a willing buyer in an arm's length transaction would pay to acquire the item of tangible personal property subject to the lease under consideration at the time the lease or bailment was first consummated. For purposes of applying this definition to a specific factual situation, the amount stated in the agreement as the amount which the lessee would have had to pay to acquire the leased property instead of leasing the property will be deemed to be the base year value, provided that the department does not determine that such amount is unrealistically low in relation to the other terms contained in the agreement.", "snippet_links": [{"key": "to-acquire", "type": "definition", "offset": [99, 109]}, {"key": "tangible-personal-property", "type": "definition", "offset": [122, 148]}, {"key": "subject-to-the", "type": "definition", "offset": [149, 163]}, {"key": "under-consideration", "type": "definition", "offset": [170, 189]}, {"key": "at-the-time", "type": "clause", "offset": [190, 201]}, {"key": "for-purposes-of", "type": "clause", "offset": [247, 262]}, {"key": "in-the-agreement", "type": "clause", "offset": [339, 355]}, {"key": "the-lessee", "type": "clause", "offset": [376, 386]}, {"key": "to-pay", "type": "clause", "offset": [402, 408]}, {"key": "the-leased-property", "type": "clause", "offset": [420, 439]}, {"key": "the-property", "type": "clause", "offset": [459, 471]}, {"key": "provided-that", "type": "definition", "offset": [514, 527]}, {"key": "the-department", "type": "clause", "offset": [528, 542]}, {"key": "in-relation-to", "type": "clause", "offset": [602, 616]}, {"key": "other-terms", "type": "definition", "offset": [621, 632]}, {"key": "contained-in", "type": "definition", "offset": [633, 645]}], "samples": [{"hash": "5pwMjy543Yx", "uri": "http://iac.iga.in.gov/iac//T00500/A00042.PDF?&iacv=iac2024", "label": "iac.iga.in.gov", "score": 18.3209285736, "published": false}, {"hash": "gVPrWr5U5G3", "uri": "http://iac.iga.in.gov/iac//T00500/A00042.PDF", "label": "iac.iga.in.gov", "score": 11.7843942642, "published": false}, {"hash": "aHilrqkwUR4", "uri": "http://iac.iga.in.gov/iac//pdf-iac/iac2022/T00500/A00042.PDF?IACT=50", "label": "iac.iga.in.gov", "score": 8.4674882889, "published": false}], "hash": "159011767e2da3c206e55d52ad117b53", "id": 2}, {"size": 13, "snippet": "means the taxable value of all industrial realty improvements owned by the property owner and/or its Affiliates within Jefferson County on January 1 preceding the execution of the abatement agreement. OWNER will, in consultation with the Jefferson County Appraisal District, provide the COUNTY with a list of the Jefferson County Appraisal District account numbers identifying the industrial realty improvements owned by the property owner and/or its Affiliates and the taxable value thereof on January 1 preceding the execution of the abatement agreement for use in preparing the schedule to be attached as an exhibit to the abatement agreement before execution specifying the Base Year Value for all purposes of the abatement agreement. \u201cBase year\u201d, for the parties to this agreement, is defined as the calendar year in which this abatement contract is executed (signed) by all parties hereto.", "snippet_links": [{"key": "taxable-value", "type": "definition", "offset": [10, 23]}, {"key": "owned-by", "type": "definition", "offset": [62, 70]}, {"key": "property-owner", "type": "clause", "offset": [75, 89]}, {"key": "jefferson-county", "type": "definition", "offset": [119, 135]}, {"key": "the-execution", "type": "clause", "offset": [159, 172]}, {"key": "abatement-agreement", "type": "definition", "offset": [180, 199]}, {"key": "owner-will", "type": "clause", "offset": [201, 211]}, {"key": "in-consultation-with", "type": "definition", "offset": [213, 233]}, {"key": "appraisal-district", "type": "definition", "offset": [255, 273]}, {"key": "the-county", "type": "clause", "offset": [283, 293]}, {"key": "a-list", "type": "definition", "offset": [299, 305]}, {"key": "account-numbers", "type": "definition", "offset": [349, 364]}, {"key": "agreement-for-use", "type": "clause", "offset": [546, 563]}, {"key": "schedule-to", "type": "clause", "offset": [581, 592]}, {"key": "purposes-of-the", "type": "clause", "offset": [702, 717]}, {"key": "the-parties-to-this-agreement", "type": "clause", "offset": [756, 785]}, {"key": "calendar-year", "type": "clause", "offset": [805, 818]}, {"key": "parties-hereto", "type": "definition", "offset": [880, 894]}], "samples": [{"hash": 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"type": "definition", "offset": [33, 50]}, {"key": "the-effective-date", "type": "clause", "offset": [74, 92]}, {"key": "tax-abatement-agreement", "type": "clause", "offset": [100, 123]}, {"key": "agreed-upon-value", "type": "definition", "offset": [134, 151]}, {"key": "property-improvements", "type": "definition", "offset": [164, 185]}, {"key": "after-january", "type": "clause", "offset": [191, 204]}, {"key": "effective-date-of-the-agreement", "type": "clause", "offset": [222, 253]}, {"key": "sales-price", "type": "clause", "offset": [262, 273]}, {"key": "the-property", "type": "clause", "offset": [278, 290]}], "samples": [{"hash": "3x8pYCPtXA9", "uri": "https://agendalink.fortbendcountytx.gov/docs/2025/CCTDD/20250610_3998/64578_2025-2027_Tax_Abatement_Guidelines.DD.Final.pdf", "label": "agendalink.fortbendcountytx.gov", "score": 20.403295517, "published": false}, {"hash": "l66hdEUOe5X", "uri": 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"https://www.waco-texas.com/files/sharedassets/public/departments/economic-development/documents/bg-guidelines-16-306.pdf", "label": "www.waco-texas.com", "score": 6.1690621376, "published": false}], "hash": "9383061022720261335a3ed93c63d74a", "id": 5}, {"size": 9, "snippet": "means the assessed value of eligible property on the January 1st preceding the execution of the agreement.", "snippet_links": [{"key": "assessed-value", "type": "clause", "offset": [10, 24]}, {"key": "eligible-property", "type": "definition", "offset": [28, 45]}, {"key": "january-1st", "type": "clause", "offset": [53, 64]}, {"key": "execution-of-the-agreement", "type": "clause", "offset": [79, 105]}], "samples": [{"hash": "aYxBSGey33D", "uri": "/contracts/aYxBSGey33D#base-year-value", "label": "Chapter 313 Value Limitation Agreement", "score": 29.1857452393, "published": true}, {"hash": "5yKGqFrdyCQ", "uri": "/contracts/5yKGqFrdyCQ#base-year-value", "label": "Chapter 313 Value Limitation Agreement", "score": 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Owner will attach as Exhibit \u201cF-Affiliates\u201d those properties which are co-owned or which are parent companies, partnerships, joint-ventures or other entities in Jefferson County over which the Owner herein exercises legal control.", "snippet_links": [{"key": "taxable-value", "type": "definition", "offset": [10, 23]}, {"key": "of-the-owner", "type": "clause", "offset": [67, 79]}, {"key": "jefferson-county", "type": "definition", "offset": [87, 103]}, {"key": "the-execution", "type": "clause", "offset": [127, 140]}, {"key": "abatement-agreement", "type": "definition", "offset": [148, 167]}, {"key": "by-the-owner", "type": "clause", "offset": [196, 208]}, {"key": "parent-companies", "type": "definition", "offset": [231, 247]}, {"key": "joint-ventures", "type": "definition", "offset": [274, 288]}, {"key": "legal-control", "type": "clause", "offset": [314, 327]}, {"key": "control-by-the", "type": "definition", "offset": [357, 371]}, {"key": "owner-will", "type": "clause", "offset": [379, 389]}, {"key": "other-entities", "type": "clause", "offset": [522, 536]}], "samples": [{"hash": "joBrequP8zZ", "uri": "https://jeffersoncountytx.gov/eco_dev/2016_JeffersonAmendedUniformTaxAbatementPolicy.pdf", "label": "jeffersoncountytx.gov", "score": 11.6526203156, "published": false}, {"hash": "dukq1c7YZXm", "uri": "https://www.navigationdistrict.org/wp-content/uploads/2021/03/20201203-CLEAN-SNND-2020-Abatement-Policy-and-Application-REVISED-DEC-2020.pdf", "label": "www.navigationdistrict.org", "score": 10.6906232834, "published": false}, {"hash": "hTJnGctMmeH", "uri": "https://assets.comptroller.texas.gov/ch313/1550/1550-port-gt-appamend1.pdf", "label": "assets.comptroller.texas.gov", "score": 10.5290899277, "published": false}], "hash": "8bbe65534733d1a78a85d80e0f9f90d6", "id": 8}, {"size": 8, "snippet": "means the assessed value of the applicant's property located in a designated reinvestment zone, on January 1 of the agreement year, plus the agreed upon value of property improvements made after January 1, but before execution of the agreement.", "snippet_links": [{"key": "assessed-value", "type": "clause", "offset": [10, 24]}, {"key": "the-applicant", "type": "definition", "offset": [28, 41]}, {"key": "located-in", "type": "definition", "offset": [53, 63]}, {"key": "a-designated", "type": "clause", "offset": [64, 76]}, {"key": "reinvestment-zone", "type": "definition", "offset": [77, 94]}, {"key": "agreement-year", "type": "clause", "offset": [116, 130]}, {"key": "property-improvements", "type": "definition", "offset": [162, 183]}, {"key": "after-january", "type": "clause", "offset": [189, 202]}, {"key": "execution-of-the-agreement", "type": "clause", "offset": [217, 243]}], "samples": [{"hash": "kqeMZ27uUam", "uri": "http://www.duncanville.com/wp-content/uploads/2018/11/2018-11-27-DCEDC-Agenda-Packet-Regular-Meeting.pdf", "label": "www.duncanville.com", "score": 9.4421625137, "published": false}, {"hash": "9KQh3vYhQlq", "uri": "http://www.duncanville.com/wp-content/uploads/2018/11/2018-11-27-DCEDC-Agenda-Packet-Regular-Meeting-Cancellation.pdf", "label": "www.duncanville.com", "score": 9.4421625137, "published": false}], "hash": "d76e0b9d45298858330755e2ebec27ce", "id": 9}, {"size": 7, "snippet": "is defined as the taxable value of the Property as appraised by the Hays County Appraisal District for the tax year 2019. The \u201cEligible Property\u201d is defined as the Property and all Real Property Improvements located at the Property. The \u201cReal Property Improvements\u201d are defined as improvements to the Property and shall include the Improvements and other structures or fixtures erected or affixed to land that are necessary and suitable for the operation of the Business on the Property, that are included in the definition of real property set forth in Section 1.04(2), Texas Tax Code as amended.", "snippet_links": [{"key": "value-of-the-property", "type": "definition", "offset": [26, 47]}, {"key": "appraisal-district", "type": "definition", "offset": [80, 98]}, {"key": "year-2019", "type": "clause", "offset": [111, 120]}, {"key": "eligible-property", "type": "definition", "offset": [127, 144]}, {"key": "real-property-improvements", "type": "definition", "offset": [181, 207]}, {"key": "improvements-to-the-property", "type": "clause", "offset": [281, 309]}, {"key": "the-improvements", "type": "clause", "offset": [328, 344]}, {"key": "other-structures", "type": "clause", "offset": [349, 365]}, {"key": "operation-of-the-business", "type": "clause", "offset": [445, 470]}, {"key": "the-definition-of", "type": "clause", "offset": [509, 526]}, {"key": "texas-tax-code", "type": "clause", "offset": [571, 585]}, {"key": "as-amended", "type": "definition", "offset": [586, 596]}], "samples": [{"hash": "e2YVw1mPKLG", "uri": "/contracts/e2YVw1mPKLG#base-year-value", "label": "Economic Development Agreement", "score": 30.2678661346, "published": true}, {"hash": "hC4DavM48GR", "uri": "/contracts/hC4DavM48GR#base-year-value", "label": "Economic Development Agreement", "score": 29.9941768646, "published": true}, {"hash": "1aYiQoWoktn", "uri": "/contracts/1aYiQoWoktn#base-year-value", "label": "Economic Development Agreement", "score": 29.1082382202, "published": true}], "hash": "6ee3074a9776021be8c5cab06ac50143", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIYYmFzZS15ZWFyLXZhbHVlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"size": 347, "snippet": "means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.", "title": "Base Year Value", "id": "base-year-value", "examples": ["If on January 1st of any tax year listed on the \u201cTax Abatement Schedule\u201d the Taxable Value is less than the <strong>Base Year Value</strong>, then the abatement of value otherwise available shall be reduced by one dollar for each dollar that the Taxable Value of realty improvements is less than the <strong>Base Year Value</strong>, except that no such reduction of OWNER\u2019s abatement shall be made should any reduction to Taxable Value of OWNER\u2019s Eligible Property result from a Force Majeure event.", "For each year under this Agreement, the abatement percentage received by OWNER under this AGREEMENT with respect to the value of New Eligible Property, is set forth on attached Exhibit: \u201cTax Abatement Schedule\u201d The Abatement during each year covered by this Agreement shall be the value attributable to the Project multiplied by Abatement Schedule, adjusted by the <strong>Base Year Value</strong>.", "The Jefferson County Central Appraisal District will establish the certified values of Eligible Property as of January 1, 2023 (year abatement executed) as set forth on attached Exhibit \u201cB,\u201d and such values shall be the values used to calculate the <strong>Base Year Value</strong> as herein defined.", "The <strong>Base Year Value</strong> for the proposed Project Improvements is agreed to be zero ($-0-).", "The Tax Abatement shall be as set forth below to the extent that the value exceeds the value of the <strong>Base Year Value</strong>, in accordance with the terms of this Agreement and all applicable state and local regulations or a valid waiver thereof.", "The Jefferson County Central Appraisal District will establish the certified values of Eligible Property as of January 1, 20 (year abatement executed) as set forth on attached Exhibit \u201cB,\u201d and such values shall be the values used to calculate the <strong>Base Year Value</strong> as herein defined.", "Purchaser agrees not to request an adjustment to the <strong>Base Year Value</strong> for the South Plan Area (as defined in the South OPA) as a result of any permitted Transfer to an entity exempt from property taxation.", "For illustration purposes only, and without taking into account taxes actually collected, adjustments or other factors that might affect the Grant as described elsewhere in this Agreement, assume that the Taxable Value of the Annexed Area for Calendar Year 2010 is $50 million and the <strong>Base Year Value</strong> for the Annexed Area is $1 million, then the amount of the grant for Calendar Year 2010 would be the County\u2019s tax rate for Tax Year 2010 multiplied by $49 Million Dollars, and would be paid on March 1, 2011.", "The Jefferson County Central Appraisal District will establish the certified values of Eligible Property as of January 1, 2024 (year abatement executed) as set forth on attached Exhibit \u201cB,\u201d and such values shall be the values used to calculate the <strong>Base Year Value</strong> as herein defined.", "Among them were many scientists and educators who migrated to countries such as the United States and Turkey where they were welcomed for their expertise."], "related": [["base-year", "Base Year", "Base Year"], ["estimated-incremental-quarterly-tax-amount", "Estimated Incremental Quarterly Tax Amount", "Estimated Incremental Quarterly Tax Amount"], ["comparison-year", "Comparison Year", "Comparison Year"], ["three-year-period", "Three-Year Period", "Three-Year Period"], ["adjustment-year", "Adjustment Year", "Adjustment Year"]], "related_snippets": [], "updated": "2025-07-24T04:27:51+00:00"}, "json": true, "cursor": ""}}