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 Public Property or Taxable Property Owner Association Property.

Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not classified as Developed Property.

Examples of Undeveloped Property in a sentence

• For a more detailed explanation of the methodology used to apportion the Annual Special Tax Requirement among Developed Property and Undeveloped Property, please see the RMA.

• For each Assessor’s Parcel of Taxable Undeveloped Property, compute the Assigned Annual Special Tax and the Backup Annual Special Tax applicable to the Assessor’s Parcel as though it was already designated as Taxable Developed Property, based upon the building permit issued for that Assessor’s Parcel.

• Second: If the sum of the amounts levied on Assessor’s Parcels in the first step above is less than the Annual Special Tax Requirement, then the Annual Special Tax shall be levied Proportionately on each Assessor’s Parcel of Taxable Undeveloped Property up to the Assigned Annual Special Tax applicable to such Assessor’s Parcel to satisfy the Annual Special Tax Requirement.

• SECTION GPREPAYMENT OF ANNUAL SPECIAL TAX The Annual Special Tax obligation of an Assessor's Parcel of Taxable Developed Property or an Assessor’s Parcel of Taxable Undeveloped Property for which a building permit has been issued may be prepaid in full, 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.

• For Assessor’s Parcels of Undeveloped Property for which a building permit has been issued, compute the Assigned Special Tax and Backup Special Tax for that Assessor’s Parcel as though it was already designated as Developed Property, based upon the building permit which has already been issued for that Assessor’s Parcel.

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 which are not Developed Property.

Undeveloped Property means, for each Fiscal Year, all Taxable Property not classified as Developed Property.

Undeveloped Property means all Assessor's Parcels in CFD No. 3 for which no building permit was issued on or before January 1 of the prior Fiscal Year.

Undeveloped Property means, in any Fiscal Year, all Parcels of Taxable Property that are not Final Map Property, Developed Property, Taxable Owners Association Property, or Taxable Public Property, as defined herein.

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 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.