Rent constituting property taxes means 18% of the rent paid by
Rent constituting property taxes means 25% of the gross rent actually paid in cash or its equivalent during the tax year solely for the right of occupancy of a homestead in the State. "Rent constituting property taxes" does not include rent subsidized by government programs that limit housing costs to a percentage of household income except that this exclusion does not apply to persons receiving social security disability or supplemental security income disability benefits. For the purposes of this paragraph, "gross rent" means rent paid at arm's length solely for the right of occupancy of a homestead, exclusive of charges for any utilities, services, furniture, furnishings or personal property appliances furnished by the landlord as part of the rental agreement, whether or not expressly set out in the rental agreement. If the landlord and tenant have not dealt with each other at arm's length, and the assessor is satisfied that the gross rent charged was excessive, the assessor may adjust the gross rent to a reasonable amount for purposes of this section.[PL 2013, c. 368, Pt. L, §1 (NEW).]
Rent constituting property taxes means [18%] 30% of the rent
Examples of Rent constituting property taxes in a sentence
Rent constituting property taxes" means 15% of the gross rent actually paid in cash or its equivalent during the tax year solely for the right of occupancy of a homestead in the State.
By saving on travel costs, costs of using agents, and related costs, citizens using FRIENDS centers therefore make an average monthly saving of about US 1 dollar per citizen.
Rent constituting property taxes accrued which may be claimed by X is $1,000, which is 25% of the sum of X’s rent of $250 per month for 8 months, or$2,000, and 4 months rent at $500 per month after the marriage, or $2,000, totaling$4,000 for the year.
Construct validity: we used nine different performance measures (LSD, MMRE, PRED(25), MAE, RMSE, Corr, StdDev, MdAE and MdMRE) in the evaluation of the Pareto ensembles to ensure construct validity.
Identify and addresses regional needs and incorporates region-wide program specific goals and objectives, 3.
More Definitions of Rent constituting property taxes
Rent constituting property taxes means 18% of the rent paid by the homestead rebate claimant during the tax year on a unit of residential rental property which constitutes the claimant's homestead, and in the case of a manufactured home or mobile home in a mobile home park which constitutes the claimant's homestead means 18% of the site fee paid by the claimant during the tax year to the owner of the mobile home park. Provided however, that for tax year 2004 and for each tax year thereafter, rent constituting property taxes shall equal 18% of annualized rent, and in the case of a manufactured home or mobile home in a mobile home park rent constituting property taxes shall equal 18% of a similarly annualized site fee;
Rent constituting property taxes means deleted text begin19deleted text endnew text begin 15new text end percent of the gross rent actually paid in cash, or its equivalent, or the portion of rent paid in lieu of property taxes, in any calendar year by a claimant for the right of occupancy of the claimant's Minnesota homestead in the calendar year, and which rent constitutes the basis, in the succeeding calendar year of a claim for relief under this chapter by the claimant.
Rent constituting property taxes. “Allocable rent” means for any housesite and for any taxable year, at the claimant’s option, (A) 21 percent of the gross rent or (B) that portion of the gross rent which equals the property tax assessed for payment in the calendar year allocable to the claimant’s rental unit for the period rented by the claimant. “Gross rent” means the rent actually paid during the taxable year by the individual or other members of the household solely for the right of occupancy of the housesite during the taxable year. If a claimant’s rent is government-subsidized, the property tax allocable to the claimant’s rental unit shall be reduced in the same proportion as the rent is reduced by the subsidy. “Rent constituting property taxes” “Allocable rent” shall not include payments made under a written homesharing agreement pursuant to a nonprofit homesharing program, or payments for a room in a nursing home in any month for which Medicaid payments have been made on behalf of the claimant to the nursing home for room charges.
Rent constituting property taxes. “Qualifying rent” means for any
Rent constituting property taxes means ten percent of the gross rent actually paid in
Rent constituting property taxes means [18%] 30 percent of
Rent constituting property taxes means 15% of the gross rent actually paid in cash or its equivalent during the tax year for the individual’s homestead in the State. For the purposes of this paragraph, "gross rent" means rent paid at arm's length. If the landlord and tenant have not dealt with each other at arm's length, and the assessor is satisfied that the gross rent charged was excessive, the assessor may adjust the gross rent to a reasonable amount for purposes of this section.