Modified Property definition

Modified Property means an Assessor’s Parcel for which a Building Permit was issued to construct a Floor(s) on or before January 1 of the Fiscal Year preceding the Fiscal Year for which special taxes are being levied, but after December 4, 2001, notwithstanding the above Assessor's Parcel for which a Building Permit has been issued to construct a first Floor shall not be considered to be modified property until a building permit for one or more additional Floors have been issued for that Assessor's Parcel.
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Examples of Modified Property in a sentence

  • The Maximum Annual Special Tax for each Assessor’s Parcel of Modified Property in Fiscal Year 2002-03 shall be based on (i) the Maximum Annual Special Tax Rate shown in Table 1 and (ii) the additional Floor(s) added to the structure.

  • SECTION FPARTIAL PREPAYMENT OF ANNUAL SPECIAL TAXES The Annual Special Tax obligation of an Assessor's Parcel of Unmodified Property or an Assessor's Parcel of Modified Property may be partially prepaid at the times and under the conditions set forth in this section, provided that there are no delinquent Special Taxes, penalties, or interest charges outstanding with respect to such Assessor’s Parcel at the time the Annual Special Tax obligation would be prepaid.

  • TABLE 2Adjustments to the Maximum Annual Special Tax for Modified Property Each July 1, commencing July 1, 2003, the Maximum Annual Special Tax applicable to an Assessor's Parcel of Modified Property shall be increased by 2.00% of the amount in effect in the prior Fiscal Year.

  • Based on projected rising costs and flat to declining revenues, the Board established a financial health goal to reduce spending on camps and program center properties between FYE2016 and FYE2021 by $400,000 on a recurring annual basis as measured by Modified Property Cash Flow.

  • Hence, MT uses many ideas, methods and techniques from these related fields and has also built up a body of techniques which can, in turn, be applied in other areas of computer-based language processing.

  • So also is the fact that our church is dedicated to St Nicholas, who, amongst other things, is the patron saint of sailors, because of accounts of him saving sailors from drowning in the fourth century.

  • Modified Property Maintenance Apprenticeship Training ProgramThe District of Columbia Housing Authority will soon announce the (DCHA) Modified Property Maintenance Apprenticeship Training Program (Program) is a six-month work-based training opportunity for DCHA residents and Section 3 participants.

  • If any such Modified Property shall exceed the amount allotted for its EDU, then it shall be charged by the gallon for the overage.

  • Land Prevention Council http://www.lpr.niedersachsen.de (2009-10-10) 22.

  • Expanded and Modified Property Type InformationRegulation C currently requires FIs to record the property type to which a loan or application relates.125Appendix A to Regulation C provides three reporting values, or enumerations, for this information: (1) one- to four-family dwelling (other than manufactured housing);(2) manufactured housing; and (3) multifamily dwelling.

Related to Modified Property

  • Specified Property means property for which an election has been made for a special elective benefit.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Covered Property is the address stated on your Agreement Coverage Summary Page. • “Domestic-grade” Items are those that were designated by the manufacturer, manufactured and marketed solely for installation and use in a residential single family dwelling.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Assigned Property means real and related personal property which, in the discretion of the Administrator or his designee, has been made available to the Department for transfer for public health purposes.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Release Property has the meaning set forth in Section 2.5.

  • Blighted property means property that meets any of the following criteria:

  • Released Property shall have the meaning set forth in Section 2.9 hereof.

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Acquired Property shall have the meaning set forth in Section 5.1.10(h)(i) hereof.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Transferred Property shall have the meaning specified in Section 2.1(a) hereof.

  • Abandoned property means personal property left by an owner who intentionally

  • New property means (i) the assessed value, after final

  • Additional Property means, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate and/or currency swap agreement, loan agreement, enhancement agreement or other similar arrangement as contemplated under the Pooling and Servicing Agreement and as provided for in the related Series Purchase Agreement.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Eligible Property means property beneficially owned by a person or entity other than the Fund and held in a bank account maintained by BNYM for or on behalf of the Fund, or property held in a Fund shareholder account, which is (x) subject to reporting or escheat under an Unclaimed Property Law, (y) of a nature or type or classification reasonably related to the services performed by BNYM under this Agreement (such as cash amounts representing non-negotiated dividend checks and shares in abandoned shareholder accounts), and (z) under the control of BNYM.

  • Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Impaired property means tangible property, other than "your product" or "your work", that cannot be used or is less useful because:

  • Tangible Property means all equipment, machinery, goods, furniture, furnishings, fixtures, supplies, tools, materials, vehicles, books, records, and other tangible personal property that are part of the Collateral.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit K with such amendments or modifications as may be approved by the Collateral Agent.