Tax Increment definition

Tax Increment means the difference between:

Tax Increment means that amount obtained by multiplying the total county, city, school and other local general property taxes levied on all taxable property within a TID in a year by a fraction having as a numerator the value increment for that year in the district and as a denominator that year’s equalized value of all taxable property in the TID.

Tax Increment means the collections realized from extending the tax levies, expressed in

Examples of Tax Increment in a sentence

• The City and the Board pledge to use Available Tax Increment, as reimbursement to Developer for approved Project Costs, up to the maximum total amount specified herein, excluding tax revenue collected after September 30, 2025, subject to the terms and conditions herein, priority of payment availability of funds, and termination of the TIRZ.

• Developer’s performance shall not violate any applicable judgment, order, law or regulation nor result in the creation of any claim against the City for money or performance, any lien, charge, encumbrance or security interest upon any asset of the City or the Board, except that this Agreement shall constitute a claim against the TIRZ Fund only from Available Tax Increment to the extent provided herein.

• Neither the City nor the Board can guarantee that Available Tax Increment shall completely reimburse Developer.

• The division of the City’s Neighborhood & Housing Services (or successor) Department responsible for the management of the City's Tax Increment Financing Program.

• Failure by Developer to submit requests for reimbursements within said ninety (90) calendar days shall constitute a Waiver by Developer of any right or claim to collect Available Tax Increment that Developer may be otherwise eligible for pursuant to this Agreement.

More Definitions of Tax Increment

Tax Increment means that portion of the property taxes generated by the Property and Minimum Improvements that is actually remitted to the City as tax increment under the Tax Increment Act.

Tax Increment means that portion of the real property taxes which is paid with respect to the TIF District and which is remitted to the Authority as tax increment pursuant to the Tax Increment Act.

Tax Increment means all real property tax proceeds attributable to the assessed valuation within the Allocation Area, as of each assessment date in excess of the base assessed value as described in IC 36-7-14-39(b)(1). The incremental assessed value is multiplied by the then current property tax rate (per $100 assessed value).

Tax Increment means the difference between the amount of property tax revenues generated each tax year by all taxing entities from the Project Area using the current assessed value of the property and the amount of property tax revenues that would be generated from the same area using the base taxable value of the property.

Tax Increment means the same as that term is defined in Section 17C-1-102.

Tax Increment means the amount of regular levy property taxes attributable to the

Tax Increment means for any tax year the amount by which the assessed value as of January 1 preceding that tax year exceeds the original assessed value.