Adjusted tax levy definition

Adjusted tax levy means an amount not greater than the amount to be raised by taxation of the previous fiscal year, less any waivers from a prior fiscal year required to be deducted by the Local Finance Board pursuant to section 11 of P.L.2007, c.62 (C.40A:4-45.46), that result multiplied by 1.02, to which the sum of exclusions defined in subsection b. of section 10 of P.L.2007, c.62 (C.40A:4-45.45) shall be added.
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Adjusted tax levy means an amount not greater than the
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Adjusted tax levy means the amount raised by property
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Examples of Adjusted tax levy in a sentence

  • For the purposes of sections 9 through 13 of P.L.2007, c.62 29 (C.40A:4-45.44 through C.40A:4-45.47 and C.40A:4-45.3e):30 "Adjusted tax levy" means an amount not greater than the31 amount to be raised by taxation of the previous fiscal year, less any32 waivers from a prior fiscal year required to be deducted by the33 Local Finance Board pursuant to section 11 of P.L.2007, c.6234 (C.40A:4-45.46), that result multiplied by 1.02, to which the sum of35 exclusions defined in subsection b.


More Definitions of Adjusted tax levy

Adjusted tax levy means an amount not greater than the sum of
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Adjusted tax levy means the property tax levy for current purposes, excluding any debt pursuant to N.J.S.A. 18A:7F-37.
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Adjusted tax levy means the total amount of taxes raised by taxation in a fiscal year by a municipality; [and]
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Adjusted tax levy means the amount raised by property taxation for the purposes of the school district, excluding any debt service payment.
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Related to Adjusted tax levy

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • maximum council tax reduction amount means the amount determined in accordance with paragraph 29;

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Estimated taxes means the amount that the taxpayer reasonably estimates to be the taxpayer's tax liability for a municipal corporation's income tax for the current taxable year.

  • Recovered tax increment value means, except as otherwise