Industrial real property definition

Industrial real property or “Industrial” means a class of property consisting of parcels used for industrial production or service, including plants, shops, processing establishments, and other structures designed or used for industrial purposes.
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Industrial real property means real property classified as industrial real property under section 34c of the general property tax act, 1893 PA 206, MCL 211.34c.
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Examples of Industrial real property in a sentence

  • Industrial real property is broadly defined as property used for the manufacturing (production or processing) of goods and commodities.

  • Industrial real property renditions are worked and comparisons made to other reported data such as pollution control reports.

  • New facility (IFEC) -Industrial real property and land improvements, and personal property, other than a replacement facility to be built or installed in a plant rehabilitation district or industrial development district by an existing business or a new business, as provided in PA 198, 1974 as amended may be granted a 50% tax incentive for up to eight (8) years based upon the criteria included in this policy.

  • Industrial real property includes all types and sizes of plants, manufacturing facilities, warehouses, ancillary rooms, and all types of small-trade craft workshops.

  • In calendar year 2007, there was new construction in Residential/Agricultural and Commercial Industrial real property of $8,200,000 assessed value (35%).

  • If a student who is on-site wants to move back to distance learning, they are not giving up their place in the class with that teacher, they are simply giving up their physical seat on campus for those students who want to come back to on-site learning.

  • The New Hanover County Assessor is seeking proposals from qualified firms to conduct a reappraisal of all Residential, Agricultural, Commercial, Exempt and Industrial real property in New Hanover County for the Tax Lien Date, January 1, 2017.

  • Eligible Properties‌The PACE Act permits a PACE assessment to be placed on privately-owned property that is:• Commercial real property - including non-profit real property such as private schools, medical facilities, churches, etc.;• Industrial real property - including privately owned agricultural real property; or• Residential real property with five or more dwelling units.

  • Policy Q24 requires that development proposals along the River Thames enhance the character of the river frontage and views form the opposite bank.

  • Gathers ThursdayThe Sewanee Emeritus Association will have its final meeting in the fall semester at 3:30 p.m., Thursday, Nov.

Related to Industrial real property

  • Material Real Property means any fee owned Real Property located in the United States that is owned by any Loan Party with a fair market value in excess of $10,000,000 (at the Closing Date or, with respect to Real Property acquired after the Closing Date, at the time of acquisition, in each case, as reasonably estimated by the Borrower in good faith).

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Industrial Property – means property used for construction, repair, trade or manufacturing, production, assembly or processing of finished or partially finished products from raw materials or fabricated parts on such a large scale that capital and labour are significantly involved, and includes any office or other accommodation on the same property, the use of which is incidental to such activity;

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Material Real Estate Asset means (i) any fee-owned Real Estate Asset having a fair market value in excess of $2,500,000 as of the date of the acquisition thereof or (ii) any Real Estate Asset that the Required Lenders have determined is material to the business, general affairs, assets, liabilities, operations, management, condition (financial or otherwise), stockholders’ equity, results of operations or value of any Loan Party or any Subsidiary thereof, including the Borrower.

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).

  • Commercial real estate means real estate or an interest in real estate that is not any of the following:

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Industrial building means a building used for or in connection with,

  • existing industrial building means a building used for or in connection with,

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Material Leased Real Property shall have the meaning assigned to such term in Section 5.10(b).

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Real Property Lease means any lease, sublease, license or other Contract with respect to Real Property.

  • Residential property means improved property that:-

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Parcel means an identifiable unit of land that is treated as separate for valuation or zoning purposes.

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.