Property tax increment definition

Property tax increment means the amount obtained by:
Property tax increment means, for each Fiscal Year subsequent to the creation of the Property Tax Increment Area, all Property Tax Revenues in excess of Property Tax Revenues produced by the levy of Property Tax on the Property Tax Base Amount and paid to the Authority by the City; provided that such amount shall be reduced by any lawful collection fee charged by the City.
Property tax increment means the municipal Property Tax Increase as a result of developing or redeveloping a property.

Examples of Property tax increment in a sentence

  • During the term of this Agreement, the City expressly waives its right to receive its share in Property Tax Increment Revenues and further agrees not to seek reimbursement of same from the Authority.

  • The Authority will deposit into the Special Fund the City Property Tax Increment received from the County Treasurer, to be combined with the City Sales Tax Increment, as the City Increment, that the Authority will use to pay Eligible Costs.

  • The City and the Authority agree that the Authority may retain and expend in furtherance of the Urban Renewal Project one hundred percent (100%) of the City Sales Tax Increment and one hundred percent (100%) of the City Property Tax Increment.

  • The Real Property Tax Increment Cap shall not apply to Tax Increment generated from personal property.

  • The Developer understands and agrees that the only sources of monies available to the Agency to pay the Subsidy payments are the Available Property Tax Increment monies actually received by the Agency from the Project Area based upon the value of the.

More Definitions of Property tax increment

Property tax increment means the net amount paid over to the City by the Knox County Treasurer as the City’s share of the increment provided for under Section 8 of the Act and attributable to Property Tax Increment generated by a Project on a Redevelopment Site, unless said site is tax- exempt.
Property tax increment means the amount of property taxes paid to Fremont County for the Property and then remitted to the Authority by the Fremont County Treasurer pursuant to the Act over and above the amount of such taxes collected each year from the base assessed value last certified to Fremont County for the Property prior to the Authority’s implementation of property tax increment financing for the Property as authorized by the Act and the Plan.
Property tax increment means the property tax attributable to the eligible assessment of qualified property.
Property tax increment means the portion of the Tax Increment that is generated from the Developer Improvements that is paid to the Agency and available for reimbursement pursuant to the terms of this Agreement after deduction of all previously committed reimbursement obligations from the Tax Increment, except that the term “base taxable valuefor the purposes of calculating Property Tax Increment under this Agreement shall mean the dollar amount specified in the definition of “Property Base Taxable Value” above and not the amount that would result from using the definition in the Act of such term. Under the Project Area Plan and the Project Area Budget, the Agency is entitled to collect 80% of the Tax Increment.
Property tax increment. The amount of the real estate property tax generated from the Property as set forth on the xxxx(s) rendered by the Lake County Treasurer in any calendar year during which an Incentive Payment is to be made under this Agreement that is attributable to the difference between the EAV of the Property during such year minus the Base EAV, but only for the period during which the TIF District shall be in effect.
Property tax increment means the amount of property taxes paid to Weld County for the Property and then paid to BURA by Weld County over and above the base amount of property tax last certified to Weld County for the Property prior to BURA’s implementation of property tax increment financing for the Property.
Property tax increment means the net new revenue generated by property taxes on real property located within the boundaries of the CAC, using as the baseline a base rate of 9.797 mils, as applied to the assessed valuation developed by Larimer County. For purposes of this First Amended IGA the baseline year for the purposes of calculating the Property Tax Increment shall be the calendar year 2010.