Increased Assessed Value definition

Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.
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Increased Assessed Value means the valuation amount by which the Current Assessed Value of the District exceeds the Original Assessed Value of the District. If the Current Assessed Value is equal to or less than the Original Assessed Value, there is no Increased Assessed Value.
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Increased Assessed Value means the difference in assessed value of the improvements of a parcel between the year before the construction or alteration began and the year after which the tax exemption certificate is issued.
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Examples of Increased Assessed Value in a sentence

  • Cost Estimates for the Development Program Section 3.02 Amount of Indebtedness to be Incurred Section 3.03 Sources of Anticipated RevenuesSection 3.04 Estimated Increased Assessed Value; Portion Applied to Development Program Section 3.05 Description of Terms and Conditions of AgreementsSection 3.06 Calculation of Tax Shifts Article IV.

  • The source of the revenue to be used to pay the costs of this Development Program is the Tax Increment on the Increased Assessed Value of the District.

  • The amount of the assessed value which the Tax Exemption is based upon shall be 100% of the Increased Assessed Value of improvements.

  • Increased Assessed Value means the valuation amount by which the Current Assessed Value of the District exceeds the Original Assessed Value of the District.

  • The property taxes assessed upon the Increased Assessed Value of property in the District (the “Tax Increment”) will be captured or used by the Town under the Development Program to pay costs of the Public Facilities, Improvements and Programs described in Section 5.3 hereof and the Capital Program described in Section 5.4 hereof.


More Definitions of Increased Assessed Value

Increased Assessed Value means the valuation amount by which the Current Assessed Value exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any year, there is no Increased Assessed Value in that year.
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Increased Assessed Value means the valuation amount by which the Current Assessed Value of the Developer’s Property exceeds the Original Assessed Value. For purposes of this Agreement, the Increased Assessed Value specifically excludes any tax increment on any property in the District other than Developer’s Property, and also excludes any personal property now or hereafter located in the District. If the Current Assessed Value is equal to or less than the Original Assessed Value, there is no Increased Assessed Value.
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Increased Assessed Value means the amount, in any Tax year, by which the Current Assessed Value in the District exceeds the Original Assessed Value. If the Current Assessed Value within the District does not exceed the Original Assessed Value in any Tax Year, there is no Increased Assessed Value for that Tax Year.
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Increased Assessed Value means the valuation amount by which the current assessed
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Increased Assessed Value means the amount of new improvement assessment value on field-sheets produced by SAMA;
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Increased Assessed Value means the difference as per BC Assessment values, in assessed value of land and improvements on a parcel of real property between:
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Increased Assessed Value means the valuation amount by which the Current Assessed Value of the Developer’s Property (Developer’s Unit) exceeds the Original Assessed Value (Developer’s Share). For purposes of this Agreement, the Increased Assessed Value shall specifically exclude any tax increment on any property in the District other than Developer’s Property (Developer’s Unit), and shall also exclude any personal property now or hereafter located in the District. If the Current Assessed Value is equal to or less than the Original Assessed Value (Developer’s Share) in any year, there is no Increased Assessed Value in that year.
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