Ad Valorem Property Taxes definition

Ad Valorem Property Taxes means the real property taxes levied to pay the Bonds as described and levied in Section 11 of this Ordinance.

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Ad Valorem Property Taxes means the sum of the general ad valorem tax revenues allocable in regular installments to District, including such incremental increases or decreases as occur by reason of changes in District’s property tax base or changes in District’s allocations occurring by reason of law or subsequent reallocations of existing property tax revenues to District.

Ad Valorem Property Taxes means those taxes paid each year to City of Plano, Texas for the Real Property and the BPP. Ad Valorem Property Taxes excludes taxes paid to any taxing entities other than the City of Plano, Texas.

Examples of Ad Valorem Property Taxes in a sentence

The City shall have 30 calendar days after receipt of said application and certificate to approve the Certificate of Rebate of Increment in Ad Valorem Property Taxes.
The City may make, or cause to be made the rebate within 30 calendar days after the City’s approval of the Certificate of Rebate of Increment in Ad Valorem Property Taxes.
The application shall be accompanied by a Certification of Rebate of Increment in Ad Valorem Property Taxes in substantial compliance with the form attached hereto as Exhibit E.
All PILOTs shall constitute a lien on the Project, having the same priority as Ad Valorem Property Taxes in accordance with the provisions of Tennessee Code Annotated, Section 67-5-2101.
The provisions of this Agreement and the allocations of County Ad Valorem Property Taxes to District shall continue in effect until an application to initiate dissolution of the District is filed and approved by LAFCO, at which point the County will notify the County Auditor in writing that this Agreement is terminated, and the transfers of County Ad Valorem Property Taxes shall cease at the end of the fiscal year in which LAFCO approves the dissolution.
Ad Valorem Property Taxes on property; in the control, custody, or possession of LMI, irrespective of the ownership of the property.
All Ad Valorem Property Taxes assessed against the Premises during the Term shall be the sole responsibility of Owner.
In connection with such issuances, from time to time, of Additional Notes, the property, plant and equipment acquired with the proceeds of such Notes, including without limitation, the cost of any replacement, enhancements, additions and expansions to the Project, (i) shall become part of the Project and shall be included under this Agreement and the rent shall be adjusted accordingly, and (ii) shall be subject to the PILOT Schedule set forth in Section 4.1 hereof in lieu of Ad Valorem Property Taxes.
In addition to Lessee's obligations to pay rent in accordance with Section 3.3, Lessee shall make payments to the City and County, as Additional Rent, in lieu of Ad Valorem Property Taxes for the Project as follows: Year Payments in Lieu of Tax Amount 2011 10% of the amount that Lessee would have to pay in Ad Valorem Property Taxes if the Project were owned by Lessee, rather than by Lessor.
Although certain payments under this Agreement are calculated based on a formula applied to Ad Valorem Property Taxes, this Agreement shall not be construed as a commitment, issue or obligation of any specific taxes or tax revenues for payment to UPS.

More Definitions of Ad Valorem Property Taxes

Ad Valorem Property Taxes means the real property taxes levied to pay the WIFIA Bond as described and levied herein.

Ad Valorem Property Taxes means the real property taxes levied by the Borrower to pay the WIFIA Bond as described and levied in Section [11] of the WIFIA Bond Ordinance upon all of the taxable property within the Borrower, in the years for which the WIFIA Bond is outstanding, in amounts as set forth in the WIFIA Bond Ordinance.

Ad Valorem Property Taxes means those taxes paid each year to City of Plano for the Real Property and the Personalty. Ad Valorem Property Taxes excludes taxes paid to any taxing entities other than the City of Plano.

Ad Valorem Property Taxes means all real and personal property taxes or assessments which would ordinarily be assessed or levied against the Project, or any part thereof, if privately owned by Lessee, including any penalties or interest for real or personal property taxes which may be hereafter assessed or levied against any of the foregoing during the Lease Term for the nonpayment of such taxes.