Undeveloped Property definition

Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.
Undeveloped Property means, for each Fiscal Year, all Taxable Property not classified as Developed Property, Taxable Property Owner Association Property, or Taxable Public Property.
Undeveloped Property means, for each Fiscal Year, all Taxable Property not classified as Developed Property.

Examples of Undeveloped Property in a sentence

The Annual Special Tax obligation of an Assessor's Parcel of Developed Property, or an Assessor's Parcel of Undeveloped Property for which a Building Permit has been issued, may be prepaid in full pursuant to this Section, provided that there are no delinquent Special Taxes, penalties, or interest charges outstanding with respect to such Assessor’s Parcel at the time the Annual Special Tax obligation would be prepaid.

Step Two: If the sum of the amounts to be levied in step one is insufficient to satisfy the Minimum Annual Special Tax Requirement, then an Annual Special Tax shall be Proportionately levied on each Assessor’s Parcel of Undeveloped Property up to the Assigned Annual Special Tax applicable to each such Assessor’s Parcel to satisfy the Minimum Annual Special Tax Requirement.


More Definitions of Undeveloped Property

Undeveloped Property means, for each Fiscal Year, all Taxable Property not classified as Developed Property or Other Taxable Property.
Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not classified as Developed Property.
Undeveloped Property means all Assessor's Parcels which are not Developed Property.
Undeveloped Property means at any time any vacant or undeveloped Property (or portion thereof that constitutes a separate and conveyable parcel, which may include a vacant building) for which there was no positive Modified Cash NOI for the most recently ended four fiscal quarters.
Undeveloped Property means, for each Fiscal Year, all Assessable Property not classified as Developed Property, such as vacant acreage or similar property use codes as determined by the CDD.
Undeveloped Property means all Parcels of Taxable Property that are not Developed Property.