Real Property Tax Exemption. The City hereby grants a fifteen (15) year, 100% real property tax exemption pursuant to R.C. Section 3735.67 for the assessed value of each Building constructed at the Project Site, including, but not limited to, expansions of existing Buildings that increase the square footage of such Buildings. For each separately identifiable real property improvement, the exemption commences the first year such real property improvement would first be taxable were that property not hereby exempted from taxation. Unless subsequently extended by the City, no exemption shall commence after the earlier of (i) the tax year after the Completion Month, or (ii) tax year 2041 (i.e., tax lien date January 1, 2041). Unless subsequently extended by the City, no exemption shall extend beyond tax year 2055 (i.e., tax lien date January 1, 2055). Although exemption under this Agreement for any separately identifiable real property improvement lasts for only fifteen years at most, the real property exemption period for the Project as a whole may last more than fifteen years. The exemptions set forth in this Section shall apply irrespective of whether the real property is owned by an Owner, or, in accordance with Section 17 of this Agreement, Section 21 of this Agreement, or both Sections 17 and 21 of this Agreement, by another entity or other entities.
Real Property Tax Exemption. The Class B Special Limited Partner shall cooperate with the Partnership in the Partnership’s request for an exemption from special assessments and real property tax provided under Colorado Revised Statutes §29-4-226 and §29- 4-227. Any materials submitted in connection with such request for exemption based on the participation of the Class B Special Limited Partner shall be subject to the prior review and approval, which shall not be unreasonably withheld, of the Class B Special Limited Partner. The Class B Special Limited Partner represents that it is [a wholly-owned subsidiary of] a validly existing housing authority under the laws of the State of Colorado but otherwise makes no representation or warranty concerning any such exemption and provides no other assurances regarding the current or continued availability of any such property tax exemption or the qualification of the Partnership for any such tax exemption.
Real Property Tax Exemption. Provided the Owner complies with the terms of this Agreement and ROH Sec. 8-10.30, fifty percent (50%) of the value of the Historic Property, or qualifying portion thereof, shall be exempt from real property taxes assessed by the City.
Real Property Tax Exemption. If the Affiliate owns real property (i.e., computers, furniture, etc.), the Affiliate should determine whether its state’s laws require it to file real personal property tax forms, and if so, comply with such requirements.
Real Property Tax Exemption. Landlord and Tenant may be entitled to obtain a real property tax exemption for the Premises pursuant to the provisions of California Revenue and Taxation Code Section 214 et seq. Tenant may seek to obtain such an exemption provided that Tenant provides Landlord with copies of all applications, appraisals, documents, correspondence, writings and communications made or submitted by Tenant or any officer, director, shareholder, member, employee, agent, contractor, consultant or representative of Tenant to the office of the Sacramento County Tax Assessor and/or any other governmental authority, agency, department or representative (whether appointed or elected) thereof with respect thereto and a copy of any and all materials received from the office of the Sacramento County Tax Assessor and/or any other governmental authority, agency, department or representative thereof with respect thereto promptly upon receipt thereof. Tenant shall be entitled to receive the economic benefit of any such exemption which it obtains with respect to the Premises.
Real Property Tax Exemption. Subject to the satisfaction of the conditions set forth in this Agreement, the City approves exemption from real property taxation, pursuant to and to the fullest extent authorized by the Statute, of 100% of the amount by which the Improvements increase the assessed value of the Property as determined by the Hamilton County Auditor, for a period of 12 years, provided that the Company shall have entered into the Board of Education Agreement. Within 120 days after completion of the Project (unless otherwise extended in writing by the City’s Housing Officer), the Company must file the appropriate application for tax exemption with the City’s Housing Officer. The Company is solely responsible to take this action. Upon receipt of the application for tax exemption, the City will proceed with the exemption authorized by this Agreement. In accordance with Ohio Revised Code Section 3735.67, the exemption is conditioned on verification by the Housing Officer of (A) the completion of remodeling, (B) the cost of remodeling, (C) the facts asserted in the application for exemption and (D) if a remodeled structure is a structure of historical or architectural significance as designated by the City, state or federal government, that the appropriateness of the remodeling has been certified in writing by the appropriate agency. If the required verification is made, the Housing Officer will forward the exemption application to the Hamilton County Auditor with the necessary certification by the Housing Officer. Subject to the conditions set forth in this Agreement, the exemption commences the first tax year for which the Improvements would first be taxable were the Improvements not exempted from taxation. The dates provided in this paragraph refer to tax years in which the subject property is assessed, as opposed to years in which taxes are billed. No exemption shall commence after tax year 2027 nor extend beyond the earlier of (i) tax year 2038 or (ii) the end of the 12th year of exemption.
Real Property Tax Exemption. Tenant may be entitled to obtain a real property tax exemption for the Premises pursuant to the provisions of California Revenue and Taxation Code Section 214 et seq. Landlord and Tenant shall seek to obtain such an exemption provided that all applications, appraisals, documents, correspondence, writings and communications made or submitted Tenant or any officer, director, shareholder, member, employee, agent, contractor, consultant or representative of Tenant to the office of the Sacramento County Tax Assessor and/or any other governmental authority, agency, department or representative (whether appointed or elected) thereof with respect thereto shall be submitted, transmitted or made through Landlord and that Tenant shall provide Landlord with a copy of any such all materials received from the office of the Sacramento County Tax Assessor and/or any other governmental authority, agency, department or representative thereof with respect thereto promptly upon receipt thereof. Tenant shall be entitled to receive the economic benefit of any such exemption which it obtains with respect to the Premises after Landlord’s request to obtain a reduction in the reassessment of the Project which occurred in connection with Landlord’s construction of the Project is fully and finally determined.
Real Property Tax Exemption. The Village hereby grants a fifteen (15) year, 100% real property tax exemption pursuant to R.C. Section 3735.67 for the assessed value of new structures at the Project Site and a fifteen (15) year, 100% real property tax exemption pursuant toR.C-. Section 3735.67 for the increase in the assessed value attributable to remodeling at the Project Site. For each separately identifiable real property improvement, the exemption commences the
Real Property Tax Exemption
