Original Assessed Value means zero dollars ($428,400), the taxable assessed value of the Developer Property as of March 31, 2020 (April 1, 2019), provided, however that in the event that a City revaluation occurs and results in an increase or decrease of any Developer Property that was included as a part of the initial Original Assessed Value as of April 1, 2018, the Original Assessed Value then in effect shall be increased or decreased by a like amount and such adjusted Original Assessed Value shall thereafter (subject to another City revaluation) be the Original Assessed Value for the purposes of this Agreement.
Original Assessed Value means the assessed value as of January 1 of the calendar year preceding the effective date of the resolution creating the TIF District under § 5406(1) of this title.
Original Assessed Value or “OAV” means the assessed value of all taxable real property within a Tax Increment District as of October first of the tax year preceding the year in which the Tax Increment District was established by the legislative body of a municipality.
Examples of Original Assessed Value in a sentence
In the event there is a Town-wide revaluation of taxable property within the Town, the Original Assessed Value shall be increased in proportion to any Town-wide increase, in property values resulting from such revaluation.
In the event there is a Town-wide revaluation of taxable property within the Town, the Original Assessed Value shall be increased or decreased, as the case may be, in proportion to the Town-wide increase or decrease, as the case may be, in property values resulting from such revaluation.
More Definitions of Original Assessed Value
Original Assessed Value means initially $ , the original assessed value of the Developer’s Property determined as of April 01, 201_, as the same may be adjusted from time to time in accordance with Section 3.7 hereof.
Original Assessed Value means zero dollars ($0), the taxable assessed value of the Developer Property as of March 31, 2019 (April 1, 2018).
Original Assessed Value means $6,957,600.00, the assessed value of taxable real property and facilities located within the District, excluding taxable personal property and equipment, as of March 31, 2016 (= April 1, 2015).
Original Assessed Value means two hundred and fifty eight thousand and seven hundred dollars ($258,700), the taxable assessed value of the Company Property as of March 31, 2019 (April 1, 2018).
Original Assessed Value means $52,600, the assessed value of the Property as of April 1, 2015.
Original Assessed Value means the assessed value of all taxable real property within
Original Assessed Value means the assessed value of the District as of March 31, 2017, which amount was Zero Dollars ($0).