Increased Assessed Value definition

Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.
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Increased Assessed Value means the valuation amount by which the Current Assessed Value of the District exceeds the Original Assessed Value of the District. If the Current Assessed Value is equal to or less than the Original Assessed Value, there is no Increased Assessed Value.
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Increased Assessed Value means the difference in assessed value of the improvements of a parcel between the year before the construction or alteration began and the year after which the tax exemption certificate is issued.
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Examples of Increased Assessed Value in a sentence

  • The City shall maintain records which are adequate in all respects to make the calculation of Increased Assessed Value and Tax Increment Revenues required to calculate the deposits into the Development Program Fund hereunder, and shall provide to Developer, upon request by Developer, a summary of such calculations.

  • Each year during the term of this Agreement, commencing with the Town’s 2021 Fiscal Year and continuing thereafter for the next thirty (30) years to and including the Town’s 2050 Fiscal Year, the Town shall retain in the District fifty percent (50%) of the Increased Assessed Value as Captured Assessed Value.

  • In all cases, the Town’sobligations under this Agreement shall be limited to a maximum of percentage of reimbursement of Property Tax paid by Developer on the Increased Assessed Value of Developer Property, as set forth in Section 3.1.

  • The Development Program makes certain assumptions and estimates regarding valuation, depreciation of assets, tax rates, estimated amounts of the Increased Assessed Value and the Tax Increment, estimated amounts of the Tax Increment (Developer’s Share), estimated development costs and other estimates.

  • Each year during the term of this Agreement, commencing with the July 1, 2020- June 30, 2021 Fiscal Year and continuing thereafter through the July 1, 2050-June 30, 2051 Fiscal Year (collectively, the “CEA Years”), the City shall retain in the District 100% of the Increased Assessed Value as Captured Value.


More Definitions of Increased Assessed Value

Increased Assessed Value means the valuation amount by which the Current Assessed Value of the Developer’s Property exceeds the Original Assessed Value. For purposes of this Agreement, the Increased Assessed Value specifically excludes any tax increment on any property in the District other than Developer’s Property, and also excludes any personal property now or hereafter located in the District. If the Current Assessed Value is equal to or less than the Original Assessed Value, there is no Increased Assessed Value.
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Increased Assessed Value means the valuation amount by which the Current Assessed Value exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any year, there is no Increased Assessed Value in that year.
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Increased Assessed Value means the amount, in any Tax year, by which the Current Assessed Value in the District exceeds the Original Assessed Value. If the Current Assessed Value within the District does not exceed the Original Assessed Value in any Tax Year, there is no Increased Assessed Value for that Tax Year.
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Increased Assessed Value means the valuation amount by which the current assessed
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Increased Assessed Value means the amount of new improvement assessment value on field-sheets produced by SAMA;
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Increased Assessed Value means the difference as per BC Assessment values, in assessed value of land and improvements on a parcel of real property between:
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Increased Assessed Value means the valuation amount by which the Current Assessed Value of the Developer’s Property exceeds the Original Assessed Value. For purposes of this Agreement, the Increased Assessed Value shall specifically exclude any tax increment on any property in the District other than Developer’s Property, and shall also exclude any personal property now or hereafter located in the District. If the Current Assessed Value is equal to or less than the Original Assessed Value in any year, there is no Increased Assessed Value in that year.
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