Tax increment revenues means the funds allocated by the assessor to an urban renewal area due to increases in assessed value over the frozen base within the area.

Examples of Tax increment revenues in a sentence

As contemplated in the Interlocal Agreement and to the extent available in the Redevelopment Trust Fund, the City will consider any Bond Payment Obligations which are due in the first quarter of the subsequent Bond Year to be an encumbrance on Tax Increment Revenues before the calculation of the redistribution to the Taxing Authorities of excess Tax Increment Revenues on deposit in the Redevelopment Trust Fund.
Once tax increment bonds have been issued, the Tax Increment Revenues shall continue to be deposited in the Redevelopment Trust Fund.
The CRA agrees that all Tax Increment Revenues shall, in accordance with Part III of Chapter 163, Florida Statutes, as amended, be deposited or caused to be deposited in the Redevelopment Trust Fund immediately upon receipt.
This Agreement shall not directly or indirectly or contingently obligate the City, the State of Maine, or any other municipality or political subdivision to levy or to pledge any form of taxation whatever therefor or to make any appropriation for their payment, excepting the pledge of the Developer Share of the Retained Tax Increment Revenues established under this Agreement.
All interest and earnings on the Retained Tax Increment Revenues prior to and after deposit thereof into the Project Cost Account shall be the sole property of the City and shall be free and clear of any interest of the Developer under this Agreement.

More Definitions of Tax increment revenues

Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of eligible property within the district or, for purposes of a certified technology park, a Next Michigan development area, or a certified alternative energy park, real or personal property that is located within the certified technology park, a Next Michigan development area, or a certified alternative energy park and included within the tax increment financing plan, subject to the following requirements:

Tax increment revenues means that portion of all real property taxes assessed and paid to the City in any Tax Year, in excess of any state, or special district tax, upon the Increased Assessed Value.

Tax increment revenues means all revenues above the Base Revenues.

Tax increment revenues means the amount of ad valorem property taxes and specific taxes attributable to the application of the levy of all taxing jurisdictions upon the captured taxable value of each parcel of eligible property subject to a brownfield plan and personal property located on that property. Tax increment revenues exclude ad valorem property taxes specifically levied for the payment of principal of and interest on either obligations approved by the electors or obligations pledging the unlimited taxing power of the local governmental unit, and specific taxes attributable to those ad valorem property taxes. Tax increment revenues attributable to eligible property also exclude the amount of ad valorem property taxes or specific taxes captured by a downtown development authority, tax increment finance authority, or local development finance authority if those taxes were captured by these other authorities on the date that eligible property became subject to a brownfield plan under this act.

Tax increment revenues means that portion of all real and personal property taxes assessed and paid by Realty Resources to the City in any Tax Year, in excess of any state, or special district tax, upon the Captured Assessed Value.