Update Property definition
Update Property means an Assessor’s Parcel of Final Mapped Property or Undeveloped Property for which a building permit was issued after May 1 of the Fiscal Year preceding the current Fiscal Year.
Update Property means an Assessor’s Parcel of Taxable Property for which a building permit has been issued, but which has not yet been classified as Developed Property.
Update Property means an Assessor’s Parcel of Undeveloped Property for which a building permit has been issued, but which has not yet been classified as Developed Property because such events occurred after the March 1 cutoff for the current Fiscal Year. For purposes of all calculations in Section D, Update Property shall be taxed as if it were Developed Property.
Examples of Update Property in a sentence
Update Property Owner Information Acquire county parcel database from the County to identify parcel boundaries and ownership for properties within the project Study Area and include in project GIS.
More Definitions of Update Property
Update Property means an Assessor’s Parcel of Undeveloped Property for which a building permit has been issued and/or a Proposed Custom Lot for which escrow has closed to a buyer who is not in the regular course of business of building homes for resale, but which has not yet been classified as Developed Property because such events occurred after the March 1 cutoff for the current Fiscal Year. For purposes of all calculations in Section D, Update Property shall be taxed as if it were Developed Property.
Update Property means, for each Fiscal Year, an Assessor’s Parcel of Approved Property or Undeveloped Property that will be classified as Developed Property in a subsequent Fiscal Year based on Building Permits and escrow closings as of the date of the prepayment calculation.