Original Assessed Value definition

Original Assessed Value means zero dollars ($284,400), the taxable assessed value of the Developer Property as of March 31, 2020 (April 1, 2019), provided, however that in the event that a City revaluation occurs and results in an increase or decrease of any Developer Property that was included as a part of the initial Original Assessed Value as of April 1, 2019, the Original Assessed Value then in effect shall be increased or decreased by a like amount and such adjusted Original Assessed Value shall thereafter (subject to another City revaluation) be the Original Assessed Value for the purposes of this Agreement.
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Original Assessed Value means the assessed value as of January 1 of the calendar year preceding the effective date of the resolution creating the TIF District under § 5406(1) of this title.
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Original Assessed Value or “OAV” means the assessed value of all taxable real property within a Tax Increment District as of October first of the tax year preceding the year in which the Tax Increment District was established by the legislative body of a municipality.
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Examples of Original Assessed Value in a sentence

  • The Assessor’s Certificate of Original Assessed Value is included as Exhibit C.

  • Original Assessed Value (OAV) –assessed value of all taxable real property (land & buildings) within a TIF District as of October first of the tax year immediately preceding the year in which the TIF District was established by the legislative body of the municipality.

  • Increased Assessed Value means the valuation amount by which the Current Assessed Value of the District exceeds the Original Assessed Value of the District.

  • Harper DATE REVISED: BY: HACCP-Based SOPs Serving Food PURPOSE: To prevent foodborne illness by ensuring that all foods are served in a sanitary manner.

  • All Property Tax on the Original Assessed Value will be deposited in the general fund of the Town.


More Definitions of Original Assessed Value

Original Assessed Value means zero dollars ($0), the taxable assessed value of the Developer Property as of March 31, 2019 (April 1, 2018).
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Original Assessed Value means the assessed value of the District as of March 31, 2019, which amount was zero Dollars ($0.00).
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Original Assessed Value means initially $ , the original assessed value of the Developer’s Property determined as of April 01, 201_, as the same may be adjusted from time to time in accordance with Section 3.7 hereof.
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Original Assessed Value means $6,957,600.00, the assessed value of taxable real property and facilities located within the District, excluding taxable personal property and equipment, as of March 31, 2016 (= April 1, 2015).
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Original Assessed Value means the assessed value of all taxable real property within
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Original Assessed Value means two hundred and fifty eight thousand and seven hundred dollars ($258,700), the taxable assessed value of the Company Property as of March 31, 2019 (April 1, 2018).
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Original Assessed Value means $52,600, the assessed value of the Property as of April 1, 2015.
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