Examples of Base Year Value in a sentence
If on January 1st of any tax year listed on the “Tax Abatement Schedule” the Taxable Value is less than the Base Year Value, then the abatement of value otherwise available shall be reduced by one dollar for each dollar that the Taxable Value of realty improvements is less than the Base Year Value, except that no such reduction of OWNER’s abatement shall be made should any reduction to Taxable Value of OWNER’s Eligible Property result from a Force Majeure event.
For each year under this Agreement, the abatement percentage received by OWNER under this AGREEMENT with respect to the value of New Eligible Property, is set forth on attached Exhibit: “Tax Abatement Schedule” The Abatement during each year covered by this Agreement shall be the value attributable to the Project multiplied by Abatement Schedule, adjusted by the Base Year Value.
The Jefferson County Central Appraisal District will establish the certified values of Eligible Property as of January 1, 2023 (year abatement executed) as set forth on attached Exhibit “B,” and such values shall be the values used to calculate the Base Year Value as herein defined.
The Tax Abatement shall be as set forth below to the extent that the value exceeds the value of the Base Year Value, in accordance with the terms of this Agreement and all applicable state and local regulations or a valid waiver thereof.
The Jefferson Central Appraisal District will establish the certified values of Eligible Property as of January 1, 20 (year abatement executed) as set forth on attached Exhibit “B,” and such values shall be the values used to calculate the Base Year Value as herein defined.