Tax Base definition

Tax Base means the values as reflected in the officially approved valuation roll of the municipality.

Tax Base shall be the amount stated in Exhibit 1 and shall apply to a Tax Period of twelve (12) months. Tax Base shall be reduced pro rata if and to the extent that the Tax Period contains fewer than twelve (12) months.

Tax Base means the annual per rentable square foot factor finally established to be the annual per rentable square foot factor to be used in computing payments in lieu of taxes for the tax year beginning July 1, 1996.

Examples of Tax Base in a sentence

• The governing boards of certain of the Taxing Entities administer certain special districts and funds that receive allocations of property taxes from the Tax Base, and are authorized to execute this Agreement on behalf of such special districts and funds as described below.

• The City agrees that, consistent with the LRPMP, in connection with the conveyance of any of the Development Properties, the City will remit the Net Unrestricted Proceeds to the Alameda County Auditor-Controller for distribution to the Taxing Entities in accordance with each Taxing Entity’s pro rata share of the Tax Base.

• The City agrees that, consistent with the LRPMP, in connection with the conveyance of the Site, the City will remit the Net Sale Proceeds to the Orange County Auditor-Controller for distribution to the Taxing Entities in accordance with each Taxing Entity’s pro rata share of the Tax Base.

• If a Tax Abatement comes into effect after the date of award of the Lease, the amount of the tax adjustment shall be determined by multiplying the Government's Percentage of Occupancy by the difference between the current year Unadjusted Real Estate Taxes and the Real Estate Tax Base.

• Lessor acknowledges that the LCO shall rely on the completeness and accuracy of these submissions in order to establish the Real Estate Tax Base and to determine tax adjustments.

More Definitions of Tax Base

Tax Base means the values as reflected in the officially approved valuation roll of the municipality. “urban land” means land which is situated within a proclaimed township.

Tax Base means tax base as defined in International Accounting Standard 12 of IFRS or any International Accounting Standard replacing International Accounting Standard 12.

Tax Base means the real estate taxes due and payable for the fiscal year from July 1, 1997 to June 30, 1998. If real estate taxes applicable to any lease year are greater than the tax base, the Tenant shall pay as additional rent for such lease year a sum equal to 2.7% of the amount by which real estate taxes are greater than the tax base (hereinafter called "Tenant's tax payment"). In the event real estate taxes applicable to a lease year are greater than the tax base, the Landlord may give the Tenant, within ninety (90) days after the end of such lease year, or within ninety (90) days after Landlord is notified of such tax, notice of Tenant's tax payment for such lease year; provided, however, that if this lease expires or is terminated during such lease year, Tenant's tax payment shall be limited to an amount equal to Tenant's tax payment for such lease year apportioned as of the date of such expiration or termination, and the Tenant shall make payment of Tenant's tax payment or of the same as apportioned within thirty (30) days after the giving of such notice, notwithstanding the fact that this lease has expired or has been terminated prior to the time of the giving of such notice. In the event the Landlord shall receive any refund as a result of a reduction in real estate taxes for any lease year after the first lease year and a Tenant's tax payment for such lease year has been made by the Tenant, the Landlord shall remit to the Tenant a sum equal to 2.7% of the refund received by the Landlord for such lease year, after deducting from such refund all expenses incurred by the Landlord in connection with obtaining the same, including attorneys' fees. At Landlord's option, any additional rent attributable to an increase in real estate taxes, or any decrease in rent due to a decrease in real estate taxes, shall be payable by Tenant, or credited to Tenant, as the case may be, on a monthly basis allocated evenly over the number of months in the lease year, or balance of the lease year if such increase or decrease shall be effective during the middle of a lease year.

Tax Base means business income, before apportionment or allocation as provided in chapter 3, even if zero or negative, subject to the adjustments in this section.

Tax Base means the product obtained by multiplying (i) in the amount for which the Land and Building are assessed for the purpose of establishing real estate taxes to be paid by Landlord for the Tax Year (as defined in Section 38(a) hereof) commencing July 1, 2002 and ending on June 30, 2003 by (ii) the real estate tax rate for such Tax Year.

Tax Base has the meaning set forth in Section 3.6.2 hereof.

Tax Base means the Taxes for the Tax Year (as defined in Section 4.1(c)) commencing January 1, 1997 and ending on December 31, 1997.