Incremental Assessed Value definition
Incremental Assessed Value means the difference between the assessed value of property in the Area for a Fiscal Year and the assessed value of property in the Area which is specified in the certified statement for the Area which is filed with the assessor pursuant to ORS 457.430.
Incremental Assessed Value means the increase in the assessed value of property subsequent to improvements. For example, if preconstruction taxable assessment was One Million ($1,000,000.00) Dollars and post-construction taxable assessment was Five Million ($5,000,000.00) Dollars the Incremental Assessed Value would be Four Million ($4,000,000.00) Dollars.
Incremental Assessed Value means assessed value in a TIF District that arises after the creation of the TIF District, the taxes on which are given to the redevelopment commission.
More Definitions of Incremental Assessed Value
Incremental Assessed Value means Incremental
Incremental Assessed Value means assessed value in a TIF District that arises after the
Incremental Assessed Value means the incremental assessed value of a community revitalization property as determined under section 9 of The Community Revitalization Tax Increment Financing Act; (« valeur déterminée additionnelle »)
Incremental Assessed Value of the Phase 1 Parcels means the difference between the assessed value of the Phase 1 Parcels as of each January 1st (before application of the rollback) commencing with January 1, 2015 and the base assessed valuation of the Phase 1 Parcels as of January 1, 20136 (before application of any rollback), which is $5,469,220.00 (“Base Assessed Value”). Any commercial property tax credit shall be allocated pro-rata between the Incremental Assessed Value and the Base Assessed Value. The area encompassed by the Phase 1 Parcels and the Base Assessed Value of the Phase 1 Parcels are subject to adjustment as provided in Section 5.2(D) below, in the event a future phase of the Improvements overlaps the Phase 1 Parcels.