Property Tax Reduction Threshold Sample Clauses

Property Tax Reduction Threshold. The City Manager or designee shall evaluate the anticipated tax reduction of each application, based on the County Tax Assessor’s formula. The City Manager is authorized to enter into all agreements that collectively fall within an annual threshold of $200,000 projected reduction in property tax revenue to the City’s General Fund. The applications shall be evaluated and processed in the order received until the total projected reduction in property tax revenue to the City has reached $200,000 on an annual fiscal basis.
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Related to Property Tax Reduction Threshold

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