Property tax burden definition

Property tax burden means the total real and personal property taxes assessed in the municipal fiscal year pertaining to the latest state valuation, except the taxes assessed on captured value within a tax increment financing district, divided by the latest state valuation certified to the Secretary of State.[PL 2007, c. 662, §1 (AMD).]
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Property tax burden means the total real and personal property taxes
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Property tax burden means the ratio of (i) the total estimated amount of property taxes an owner of a Residential Unit would expect to pay in a Fiscal Year including ad valorem property taxes, special assessments, fees and charges placed on the County property tax bill (but excluding homeowner association dues, property owner association dues, or other non- governmental charges) divided by (ii) the sales price of such Residential Unit.
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Examples of Property tax burden in a sentence

  • Property tax burden falls more and more on the elderly.ALSO, WITH 0% AFFORDABLE HOUSING, EGREMONT IS VULNERABLE TO A HOSTILE 40B4.

  • Property tax burden once the Park transitions to private ownership.

  • Table 2 shows the increase in tax liability that occured after legislative changes for the real estate value up to Table 2 Property tax burden and progressivity, before and after the Property Taxes Law amendment in 2010 1) Tax liability 2) Tax rate T1 3) Tax rate T2 4) Indicator υ1 5) Indicator υ2 Source: Author’s calculations 15 million dinars, and a decline in the range from 17.5 to 27.5 million dinars.

  • Property tax burden –overlapping property taxes exceed 2% of property value; 7 Albo F.

  • Property tax burden is an additional barrier to affordable housing.New Jersey has the highest property tax burden in the U.S. and according to an October 2014 Monmouth University poll half of New Jersey residents say they want to leave the state.

  • Property tax burden too much 68 Ranking Property Taxes on the 2022 State Business Tax Climate Index Today’s map shows states’ rankings on the property tax component of our 2022 State Business Tax Climate Index.

  • Thank You, and I plan to be present at the hearing if you have15 any questions.2#2582 HB 1325 – Testimony by Dustin Gawrylow (Lobbyist #266) North Dakota Watchdog Network Property tax burden is a perpetual argument.


More Definitions of Property tax burden

Property tax burden means the total real and personal property taxes assessed in the municipal fiscal year pertaining to the latest state valuation, except the taxes assessed on captured value within a tax increment financing district, divided by the latest state valuation certified to the Secretary of State and reduced by .01. Beginning on July 1, 2013 and each July 1st thereafter, if the total revenue- sharing distribution as calculated by subsection 5 is distributed to the municipalities without transfer or reduction, the reduction factor must be increased by either .0005 or the percentage increase necessary to equal the statewide average property tax rate, whichever increase is smaller, until the fiscal year when the percentage reduction factor reaches the statewide average property tax rate.
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Property tax burden means the total annual estimated amount of taxes a residential owner would expect to pay including ad valorem property taxes, special assessments, fees and charges placed on the County property tax bill and is expressed as a percentage of value as determined in Section 7.
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Related to Property tax burden

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

  • Real Property Taxes shall also include any tax, fee, levy, assessment or charge, or any increase therein, imposed by reason of events occurring during the term of this Lease, including but not limited to, a change in the ownership of the Premises.

  • Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.