Taxable Public Property definition

Taxable Public Property means all Assessor’s Parcels of Public Property that are not exempt pursuant to Section E below.

Taxable Public Property means in any Fiscal Year after the First Bond Sale, any Parcel of Public Property that satisfies all three of the following conditions: (i) the Parcel had not been Public Property on the date of the First Bond Sale; (ii) based on reference to Attachments 1 and 2 (as may be updated pursuant to Section D below), the Parcel was not anticipated to be Public Property as determined by the Administrator; and (iii) if the Parcel were to be exempt from the Special Tax because it is Public Property, the Expected Maximum Special Tax Revenues would be reduced to a point at which Required Coverage could not be maintained.

Taxable Public Property means all Assessor’s Parcels of Public Property that are not

Examples of Taxable Public Property in a sentence

• The Maximum Special Tax for each Parcel of Taxable Property Owner’s Association Property or Taxable Public Property shall be equal to the product of the applicable Undeveloped Property Maximum Special Tax per Acre for the applicable Improvement Area times the Acreage of such Parcel.

• The Maximum Special Tax for Taxable Property Owner’s Association Property and Taxable Public Property shall be increased annually, commencing July 1, 2022, by the amount equal to the greater of two percent (2%) or up to the percentage increase in the Consumer Price Index of the corresponding Maximum Special Tax in effect in the previous Fiscal Year at the sole discretion of the Administrator.

• Fourth: If additional moneys are needed to satisfy the Special Tax requirement after the first three steps have been completed, the Special Tax shall be levied Proportionately on each Parcel of Taxable Public Property at up to 100% of the applicable Maximum Special Tax for Taxable Public Property within each Improvement Area.

• The CFD shall not levy Special Taxes on Property Owner’s Association Property (except Taxable Property Owner’s Association Property) or Public Property (except Taxable Public Property) within the CFD.

More Definitions of Taxable Public Property

Taxable Public Property means any Parcel of Public Property that had in its entirety been a Parcel of Taxable Property in a prior Fiscal Year and, as such, had been subject to a Special Tax levy that was not prepaid when the public agency took ownership of the Parcel.

Taxable Public Property means all Assessor’s Parcels of Public Property that are not exempt from the Special Tax pursuant to Section E below.

Taxable Public Property means, for each Fiscal Year, all Assessor’s Parcels of Public Property that are not exempt from the Special Taxes pursuant to law or Section E below.

Taxable Public Property means, in any Fiscal Year, all Parcels of Public Property within CFD No. 1 that, based on a tentative map or other Development Plan, were expected to be Taxable Property and, based on this expectation, Maximum Special Taxes were assigned to the Parcels in prior Fiscal Years.

Taxable Public Property means, in any Fiscal Year, an Assessor’s Parcel of Public Property that had been taxed as Developed Property in the prior Fiscal Year because a Market-Rate Unit had been or was expected to be constructed on the Parcel.

Taxable Public Property means, in any Fiscal Year, an Assessor’s Parcel of Public Property that had been taxed in any prior Fiscal Year as Living Area, Commercial Floor Area, Parking Area, or Storage Area, but is subsequently acquired by a public agency.

Taxable Public Property means, in any Fiscal Year, all Parcels of Public Property within CFD No. 8 that, based on an Approved Development Plan, were expected to be Taxable Property and, based on this expectation, had Maximum Special Taxes assigned to them in prior Fiscal Years.