Tax Increment definition

Tax Increment means the difference between:

Tax Increment means that amount obtained by multiplying the total county, city, school and other local general property taxes levied on all taxable property within a TID in a year by a fraction having as a numerator the value increment for that year in the district and as a denominator that year’s equalized value of all taxable property in the TID.

Tax Increment means the collections realized from extending the tax levies, expressed in

Examples of Tax Increment in a sentence

• If the Wisconsin Department of Revenue discontinues or modifies form PC-202, or otherwise modifies the manner in which it calculates tax increment, the Village may calculate the Property Tax Increment in such other reasonable manner as it determines appropriate.

• Property Tax Increment minus any unreimbursed Village Administrative Costs.

• The Municipal Revenue Obligation shall be payable to Developer in annual installments and solely from Excess Tax Increment generated by the Project.

• The Village shall calculate the Property Tax Increment by multiplying the total “interim rate” from form PC-202 for the applicable year by the Property Value Increment for that year.

• The Village shall not be subject to any liability hereunder, or be deemed to have obligated itself to pay Developer any amounts from any funds except from the Excess Tax Increment, and then only to the extent and in the manner herein specified and in the Development Agreement.

More Definitions of Tax Increment

Tax Increment means that portion of the property taxes generated by the Property and Minimum Improvements that is actually remitted to the City as tax increment under the Tax Increment Act.

Tax Increment means that portion of the real property taxes which is paid with respect to the TIF District and which is remitted to the Authority as tax increment pursuant to the Tax Increment Act.

Tax Increment means the difference between the amount of property tax revenues generated each tax year by all taxing entities from the Project Area using the current assessed value of the property and the amount of property tax revenues that would be generated from the same area using the base taxable value of the property.

Tax Increment means the amount of regular levy property taxes attributable to the

Tax Increment means the same as that term is defined in Section 17C-1-102.

Tax Increment means for any tax year the amount by which the assessed value as of January 1 preceding that tax year exceeds the original assessed value.

Tax Increment means all real property tax proceeds attributable to the assessed valuation within the Allocation Area, as of each assessment date in excess of the base assessed value as described in IC 36-7-14-39(b)(1). The incremental assessed value is multiplied by the then current property tax rate (per $100 assessed value).