Local Property Taxes Sample Clauses

Local Property Taxes. 9 How is the value of an agreement determined for tax purposes?. 10 Can the land be subdivided, sold, mortgaged or bequeathed after an agreement is granted?. 11 Can a conservation agreement be amended or revoked?. 11 Is the conservation agreement a private or public document?. 12 Will the public have access to land under conservation agreement?. 12 What rights and obligations does a conservation agreement create in the Grantee?. 13 What is required to complete and convey a conservation agreement?. 13 What organizations accept conservation agreements?. 13 Sources. 14
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Local Property Taxes. The Lessee agrees to file with the Assessor of the Town of North Kingstown, before November 1, of each year, all necessary information required for the assessment of motor vehicles and his/her/their mobile and manufactured home.
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Local Property Taxes. 9 How is the value of an agreement determined for tax purposes?. 10 Can the land be subdivided, sold, mortgaged or bequeathed after an agreement is granted?. 11 Can a conservation agreement be amended or revoked?. 11 Is the conservation agreement a private or public document?. 12 Will the public have access to land under conservation agreement?. 12 What rights and obligations does a conservation agreement create in the Grantee?. 13 What is required to complete and convey a conservation agreement?. 13 What organizations accept conservation agreements?. 13 Sources. 14 3 3AVING THE 0LACES 9OU ,OVE. 4HE #ONSERVATION !GREEMENT is an effective means of protecting and conserving land in North Carolina. Conservation agreements (sometimes called easements) have been used to protect lands as varied as mountain ridgetops, piedmont river corridors, farms, and coastal beaches. Because conservation agreements have only recently become popular, most landowners are unaware of how useful this land protection tool can be. Conservation agreements enable landowners to preserve their land, maintain RZQHUVKLS RI LW, DQG XVXDOO\ UHDOL]H VLJQLÀFDQW WD[ VDYLQJV RU RWKHU ÀQDQFLDO incentives. This brochure is designed to answer the basic questions that a landowner PLJKW KDYH DERXW FRQVHUYDWLRQ DJUHHPHQWV. %HIRUH ÀQDOL]LQJ D FRQVHUYDWLRQ agreement, as with any real estate transaction, landowners should consult their personal legal and tax advisors. More detailed information about conservation agreements is available from the sources cited at the end of this brochure. What is a conservation agreement? A conservation agreement is a written agreement between a landowner and a TXDOLÀHG FRQVHUYDWLRQ RUJDQL]DWLRQ RU SXEOLF DJHQF\, LQ ZKLFKs • the landowner (Grantor or Donor) promises to keep the land in its natural condition without extensive disturbance, and • the conservation organization or public agency (Grantee) is granted the right to enforce the covenants of the agreement and to monitor the property. The conservation agreement is similar to a declaration of restrictive covenants in a subdivision. That is, it contains a series of restrictions relating to various uses of land. There are different types of conservation agreements, and they go by several different names. For example, a conservation agreement may also be referred to as a deed of conservation easement, a grant of development rights, a historic preservation agreement, a farmland agreement, a facade easement, a working fore...
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Related to Local Property Taxes

  • Real Property Taxes Taxes, assessments and charges now or hereafter levied or assessed upon, or with respect to, the Project, or any personal property of Landlord used in the operation thereof or located therein, or Landlord's interest in the Project or such personal property, by any federal, state or local entity, including: (i) all real property taxes and general and special assessments; (ii) charges, fees or assessments for transit, housing, day care, open space, art, police, fire or other governmental services or benefits to the Project, including assessments, taxes, fees, levies and charges imposed by governmental agencies for such purposes as street, sidewalk, road, utility construction and maintenance, refuse removal and for other governmental services; (iii) service payments in lieu of taxes; (iv) any tax, fee or excise on the use or occupancy of any part of the Project, or on rent for space in the Project; (v) any other tax, fee or excise, however described, that may be levied or assessed as a substitute for, or as an addition to, in whole or in part, any other Real Property Taxes; and (vi) reasonable consultants' and attorneys' fees and expenses incurred in connection with proceedings to contest, determine or reduce Real Property Taxes. Real Property Taxes do not include: (A) franchise, transfer, inheritance or capital stock taxes, or income taxes measured by the net income of Landlord from all sources, unless any such taxes are levied or assessed against Landlord as a substitute for, in whole or in part, any Real Property Tax; (B) Impositions and all similar amounts payable by tenants of the Project under their leases; and (C) penalties, fines, interest or charges due for late payment of Real Property Taxes by Landlord. If any Real Property Taxes are payable, or may at the option of the taxpayer be paid, in installments, such Real Property Taxes shall, together with any interest that would otherwise be payable with such installment, be deemed to have been paid in installments, amortized over the maximum time period allowed by applicable law. If the tax statement from a taxing authority does not allocate Real Property Taxes to the Building, Landlord shall make the determination of the proper allocation of such Real Property Taxes based, to the extent possible, upon records of the taxing authority and, if not so available, then on an equitable basis. Real Property Taxes also do not include any increases in the taxes, assessments, charges, excises and levies assessed against the Project due solely to the construction or installation of tenant improvements or other alterations by tenants of the Project other than Tenant and any other tenants or occupants of the Building; provided, however, that if any Real Property Taxes are imposed or increased due to the construction or installation of tenant improvements or other alterations in the Building, such Real Property Taxes shall be equitably prorated in Landlord's reasonable judgment between Tenant and any other tenants of the Building.

  • Personal Property Taxes (a) Lessee shall pay prior to delinquency all taxes assessed against and levied upon trade fixtures, furnishings, equipment and all other personal property of Lessee contained in the Premises or elsewhere. When possible, Lessee shall cause said trade fixtures, furnishings, equipment and all other personal property to be assessed and billed separately from the real property of Lessor.

  • Property Taxes Landlord shall pay, prior to delinquency, all general real estate taxes and installments of special assessments coming due during the Lease term on the Leased Premises, and all personal property taxes with respect to Landlord's personal property, if any, on the Leased Premises. Tenant shall be responsible for paying all personal property taxes with respect to Tenant's personal property at the Leased Premises.

  • PERSONAL PROPERTY TAX All personal property taxes will be paid by the Contractor.

  • Ad Valorem Taxes Prior to delinquency, Tenant shall pay all taxes and assessments levied upon trade fixtures, alterations, additions, improvements, inventories and personal property located and/or installed on or in the Premises by, or on behalf of, Tenant; and if requested by Landlord, Tenant shall promptly deliver to Landlord copies of receipts for payment of all such taxes and assessments. To the extent any such taxes are not separately assessed or billed to Tenant, Tenant shall pay the amount thereof as invoiced by Landlord.

  • Property Tax The Lessor shall be responsible for payment of present and future Property Tax imposed by the municipal authorities in respect of the Demised Premises.

  • Real Estate Taxes and Special Assessments The 2022 calendar year real estate taxes due and payable in 2023 shall be paid by Seller. Seller shall credit Buyer(s) at closing for said 2022 real estate taxes payable in 2023 based on the most recent ascertainable tax figures. Xxxxx is responsible for all subsequent real estate taxes.

  • Real Estate Taxes and Assessments Xxxxx is aware that all property is subject to the possibility of reassessment which may result in increased real estate taxes.

  • REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS (a) Because the Entire Property (of which the Property is a part) is subject to a triple net lease (as further set forth in paragraph 11(a)(i), the parties acknowledge that there shall be no need for a real estate tax proration. However, Seller represents that to the best of its knowledge, all real estate taxes and installments of special assessments due and payable in all years prior to the year of Closing have been paid in full. Unpaid real estate taxes and unpaid levied and pending special assessments existing on the date of Closing shall be the responsibility of Buyer and Seller in proportion to their respective Tenant in Common interests, pro-rated, however, to the date of closing for the period prior to closing, which shall be the responsibility of Seller if Tenant shall not pay the same. Seller and Buyer shall likewise pay all taxes due and payable in the year after Closing and any unpaid installments of special assessments payable therewith and thereafter, if such unpaid levied and pending special assessments and real estate taxes are not paid by any tenant of the Entire Property.

  • Real Estate Taxes All taxes and installments for special assessments will be prorated for the calendar year based on taxes levied. If taxes have not been levied, then they will be prorated based upon taxes for the previous year, adjusted for the most recent mill levy, if known.

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