Preceding Tax Year definition
Preceding Tax Year means the property tax levy year
Preceding Tax Year s Extension" means the product of
Preceding Tax Year s Extension" means the product of the equalized assessed valuation utilized by the county clerk in the Preceding Tax Year multiplied by the Operating Tax Rate.
Examples of Preceding Tax Year in a sentence
After the close of each tax year during the Lease Term, Landlord shall deliver to Tenant a written statement setting forth (1) the actual Property Taxes Allocable to the Premises for the Preceding Tax Year, (2) the difference between the amount referred to in clause (1) and the Property Tax Base Amount and (3) the differential between the amount referred to in clause (2) and the sum of the tentative monthly payments toward such amount made by Tenant.
More Definitions of Preceding Tax Year
Preceding Tax Year means the property tax levy year immediately preceding the Base Tax Year. "Preceding Tax Year's Tax Extension" means the product of the equalized assessed valuation utilized