Tax Increment definition

Tax Increment means the difference between:

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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).

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

Examples of Tax Increment in a sentence

• The County recognizes and agrees that in reliance on this Agreement and in accordance with the provisions of §31-25-109(12) of the Act, the adoption and approval of the Plan includes an irrevocable pledge of all of the Property Tax Increment Revenues, including the County Property Tax Increment, to pay the Authority’s Bonds and other financial obligations in connection with the Urban Renewal Project.

• If the County’s eligible electors approve a new or increased mill levy for any lawful purpose (“Future Mill Levy”), any revenue derived from the Future Mill Levy shall not be considered part of the County Property Tax Increment.

• As and when appropriated, the County Sales Tax Increment Revenues shall be remitted to the Authority no less frequently than semi-annually.

• From the date of such notice until the Duration has expired, the Authority shall annually deduct from the Property Tax Increment Revenue it receives any revenues attributable to the Future Mill Levy, as applicable, and shall remit such revenues to the County.

• The Property Tax Increment Revenues, when and as received by the Authority are and shall be subject to the lien of such pledge without any physical delivery, filing, or further act and are and shall be an obligation of the Parties pursuant to §31-25-107(9) of the Act.

More Definitions of Tax Increment

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