Exemption Area definition

Exemption Area means the real property located in the Borough of Bronx, City and State of New York, identified as Block 5750, Lot 500 on the Tax Map of the City of New York.

Exemption Area means the real property located in the Borough of Queens, City and State of New York, identified as Block 15528, Lots 5, 6, and 9 on the Tax Map of the City of New York.

Exemption Area means the real property located in the Borough of Brooklyn, City and State of New York, identified as Block 3444, Lot 18 on the Tax Map of the City of New York.

Examples of Exemption Area in a sentence

• The New Exemption shall apply to all land in the Exemption Area, but shall only apply to a building on the Exemption Area that exists on the Effective Date.

• Nothing herein shall entitle the HDFC, the Owner, or any past owner to a refund of any real property taxes which accrued and were paid with respect to the Exemption Area prior to the Effective Date.

• All of the value of the property in the Exemption Area, including both the land and any improvements (excluding those portions, if any, devoted to business, commercial or community facility use), shall be exempt from real property taxation, other than assessments for local improvements, for a period commencing upon the Effective Date and terminating upon the Expiration Date.

• In consideration of the New Exemption, the owner of the Exemption Area shall (a) execute and record the Regulatory Agreement, and (b) for so long as the New Exemption shall remain in effect, waive the benefits of any additional or concurrent exemption from or abatement of real property taxation which may be authorized under any existing or future local, state or federal law, rule or regulation.RAFAEL SALAMANCA, Jr., Chairperson; PETER A.

• All previous resolutions, if any, providing an exemption from or abatement of real property taxation with respect to the Exemption Area are hereby revoked as of the Effective Date.

More Definitions of Exemption Area

Exemption Area means the real property located in the Borough of the Bronx, City and State of New York, identified as Block 3171, Lot 37 and Block 3172, Lots 25 and 28 on the Tax Map of the City of New York;

Exemption Area means the real property located in the Borough of the Bronx, City and State of New York, identified as Block 2573, Lots 49 and 71, Block 2603, Lot 35, and Block 2691, Lot 67 on the Tax Map of the City of New York.

Exemption Area means the real property located in the Borough of the Bronx, City and State of New York, identified as Block 2268, Lot 13, Block 2285, Lots 1, 2, and 3, and Block 2683, Lot 90 on the Tax Map of the City of New York.

Exemption Area means the real property located in the Borough of Manhattan, City and State of New York,

Exemption Area means the real property located in the Borough of Manhattan, City and State of New York, identified as Block 426, Lot 22, Block 445, Lot 42, Block 459, Lots 14, 15, 16, 36, 37, 38, 39, 43, and 45, and Block 460, Lots 35, 48, 49, 50, 51, 52, 53, 54, 55, and 59 on the Tax Map of the City of New York.

Exemption Area means the area outlined and hatched with diagonal lines on the attached map;

Exemption Area means the real property located in the Borough of Brooklyn, City and State of New York, identified as Block 2494, p/o Lot 1 on the Tax Map of the City of New York, also known as 31 Eagle Street.