Reassessment definition
Examples of Reassessment in a sentence
For purposes of this Section, the term “Tax Increase” shall mean that portion of the annual real estate taxes assessed against the Premises (or the Entire Premise, if applicable), as calculated immediately following the Reassessment, that is attributable solely to the Reassessment.
For purposes of this Article 4, the term "Tax Increase" shall mean that portion of the Tax Expenses, as calculated immediately following the Reassessment, which is attributable solely to the Reassessment.
If the Annual Tax Security Reassessment results in a reduction of the Tax Security amount, the Interconnection Customer may choose to reduce its Tax Security amount or maintain the Tax Security in the current amount for the following year.
Upon notification of the Annual Tax Security Reassessment, the Interconnection Customer shall modify its Tax Security accordingly.
The costs of assessing the new sample will be paid by the Customer (“Sample Reassessment Fee”).