Property tax allocation definition

Property tax allocation means the difference between:
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Property tax allocation means the same as that term is defined in Section 63H-1-102.
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Property tax allocation means the difference between: 1002 (a) the amount of property tax revenues generated each tax year by all taxing entities 1003 from the area within a project area designated in the project area plan as the area from which 1004 the property tax allocation is to be collected, using the current assessed value of the property; 1005 and 1006 (b) the amount of property tax revenues that would be generated from that same area 1007 using the base taxable value of the property. 1008 [(20)] (21) "Public entity" means: 1009 (a) the state, including each department or agency of the state; or 1010 (b) a political subdivision of the state, including a county, city, town, school district, 1011 local district, special service district, or interlocal cooperation entity. 1012 [(21)] (22) (a) "Publicly owned infrastructure and improvements" means infrastructure, 1013 improvements, facilities, or buildings that benefit the public and are: 1014 (i) publicly owned by the military, the authority, or another public entity; 1015 (ii) owned by a utility; or 1016 (iii) publicly maintained or operated by the military, the authority, or another public 1017 entity. 1018 (b) "Publicly owned infrastructure and improvements" includes: 1019 (i) facilities, lines, or systems that provide water, chilled water, steam, sewer, storm 1020 drainage, natural gas, electricity, or telecommunications; and 1021 (ii) streets, roads, curb, gutter, sidewalk, walkways, solid waste facilities, parking 1022 facilities, and public transportation facilities. 1023 [(22)] (23) "Remaining municipal services revenue" means municipal services revenue 1024 that the authority has not: 1025 (a) spent during [its] the authority's fiscal year for municipal services as provided in 1026 Subsection 63H-1-503(1)[.]; or 1027 (b) redirected to use in accordance with Subsection 63H-1-502(3).
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Examples of Property tax allocation in a sentence

  • Property tax allocation varies annually as the line is made up of several State reimbursements including Homestead Rollback, Homestead Exemption, Tangible Personal Property fixed rate reimbursement, and Tangible Personal Property fixed sum reimbursement.

  • Property tax allocation primarily consists of reimbursements from the state of Ohio for local taxpayer credits or reductions.

  • Case example: Property tax allocation in ColombiaIn Colombia property taxes fund environmental management tasks through autonomous regional corporations (CARs).

  • Property tax allocation revenues consist of the following: ForecastedFiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Revenue Sources 2008 2009 2010 2011 2012 Homestead and Rollback$550,000$556,000$563,000$569,000$515,000Utility Deregulation66,00066,00066,00066,00066,000Tangible Personal Property Loss Reimbursements 271,000 381,000 517,000 521,000 427,000 Totals $887,000 $1,003,000 $1,146,000 $1,156,000 $1,008,000 E.

  • Property Tax – Property tax allocation agreements are routinely negotiated between cities and counties for properties at the time of annexation as required by state law.

  • Property tax allocation revenue, based on information provided by both the Montgomery County Auditor and the Ohio Department of Taxation, is anticipated to be $636,000, an increase of $9,000 in fiscal year 2009.

  • Property tax allocation is a zero-sum game; that is, the revenues allocated to Yorba Lindahad to come from some other local government’s share, and so funds were shifted from Orange County to Yorba Linda.This precedent-setting shift was followed by more general legislation in 1987 (SB 709, Lockyer) that directed counties to transfer some of their property tax revenues to the no/low share cities.

  • Case example: Property tax allocation in Colombia In Colombia property taxes fund environmental management tasks through autonomous regional corporations (CARs).

  • These tensions are: • Property tax rate: taxpayer stability versus local control• Property tax allocation: local versus state control• Focus of government: special purpose agencies versus general-purpose governments• Local finance reform: reform versus fiscal stability After taking these considerations and tensions into account, the LAO proposed five types of reform and analyzed them based on the tensions listed above.Below is a short accounting of each reform proposal.

  • Property tax allocation is 6% of the pie (chart) which is about $12.5 million.


More Definitions of Property tax allocation

Property tax allocation means the difference between: 1335 (a) the amount of property tax revenues generated each tax year by all taxing entities 1336 from the area within a project area designated in the project area plan as the area from which 1337 the property tax allocation is to be collected, using the current assessed value of the property; 1338 and 1339 (b) the amount of property tax revenues that would be generated from that same area 1340 using the base taxable value of the property. 1341 (21) "Public entity" means: 1342 (a) the state, including each department or agency of the state; or 1343 (b) a political subdivision of the state, including a county, city, town, school district, 1344 local district, special service district, or interlocal cooperation entity. 1345 (22) (a) "Publicly owned infrastructure and improvements" means infrastructure, 1346 improvements, facilities, or buildings that benefit the public, the authority, the military, or 1347 military-related entities and are: 1348 (i) publicly owned by the military, the authority, a public infrastructure district under 1349 [T itle 17B, Chapter 2a, Part 12] T itle 17D, Chapter 4, Public Infrastructure District Act, or 1350 another public entity; 1351 (ii) owned by a utility; or 1352 (iii) publicly maintained or operated by the military, the authority, or another public 1353 entity. 1354 (b) "Publicly owned infrastructure and improvements" includes: 1355 (i) facilities, lines, or systems that harness geothermal energy or provide water, chilled 1356 water, steam, sewer, storm drainage, natural gas, electricity, or telecommunications; 1357 (ii) streets, roads, curb, gutter, sidewalk, walkways, solid waste facilities, parking 1358 facilities, public transportation facilities, and parks, trails, and other recreational facilities; 1359 (iii) snowmaking equipment and related improvements that can also be used for water 1360 storage or fire suppression purposes; and 1361 (iv) a building and related improvements for occupancy by the public, the authority, the 1362 military, or military-related entities. 1363 (23) "Remaining municipal services revenue" means municipal services revenue that 1364 the authority has not:
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Property tax allocation means the difference between: 424 (a) the amount of property tax revenues generated each tax year by all taxing entities 425 from the area within a project area designated in the project area plan as the area from which 426 the property tax allocation is to be collected, using the current assessed value of the property; 427 and 428 (b) the amount of property tax revenues that would be generated from that same area 429 using the base taxable value of the property. 430 (22) "Public entity" means: 431 (a) the state, including each department or agency of the state; or 432 (b) a political subdivision of the state, including the authority or a county, city, town, 433 school district, special district, special service district, or interlocal cooperation entity. 434 (23) (a) " Public infrastructure and improvements" means infrastructure, 435 improvements, facilities, or buildings that: 436 (i) benefit the public, the authority, the military, or military-related entities; and 437 (ii) (A) are publicly owned by the military, the authority, a public infrastructure district 438 under Title 17D, Chapter 4, Public Infrastructure District Act, or another public entity; 439
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Related to Property tax allocation

  • Property Tax means the general property tax due and paid as set

  • Property Taxes means all real property Taxes, personal property Taxes and similar ad valorem Taxes.

  • Property tax increment means the amount obtained by:

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Asset Allocation The following single issuer limits shall apply on a market value basis, with exception of Money-Market funds and US Government guaranteed securities, which may be held without limit:

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Final Allocation has the meaning set forth in Section 2.3.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • Allocation Area means that part of a redevelopment project area to which an allocation provision of a declaratory resolution adopted under section 15 of this chapter refers for purposes of distribution and allocation of property taxes.

  • Tax area means a geographic area created by the overlapping boundaries of one or more taxing entities.