Taxes Upon the Property Sample Clauses

Taxes Upon the Property. Except as provided below in this Section 11.02, Licensee shall not be responsible for any real estate, special assessments or similar taxes relating to the Premises, or Property except to the extent permitted or required by statute for the value of Licensee's rights. The Village currently enjoys tax-exempt status. Should the tax exemption status of the Village change due to the presence of Licensee, Licensee shall have the right to either (a) have a separate tax parcel covering its installation created, and thereafter pay all personal property and real estate taxes associated with the newly created tax parcel, or (b) pay its pro rata share of such taxes, subject to its right of challenge in Section 11.04 below.