Definition of Comparative Tax Year


Comparative Tax Year shall mean the real estate tax year commencing on July 1, 2010, for School taxes, and January 1, 2010 for General taxes, and each subsequent real estate tax year.
Sample 1

Examples of Comparative Tax Year in a sentence

Section 22.01(a), with respect to the Additional Option Space only, in subdivision (i) the "Tax Base Factor" shall mean the July 1 - June 30 fiscal year in which the Effective Date occurs; in subdivision (iii) the "Comparative Tax Year" shall mean the July 1 - June 30 fiscal year immediately following the Tax Base Factor; and in subdivision (v) the "Percentage" shall be as follows: Portion of the 15th Floor - the Pegasus Space - 1.1%.