Annual Tax Escalation Factor definition

Annual Tax Escalation Factor means, in each Fiscal Year following the Base Year, an increase in the Maximum Special Tax in an amount equal to two percent (2%) of the Maximum Special Tax in effect in the prior Fiscal Year.
Sample 1Sample 2Sample 3
Annual Tax Escalation Factor means an annual increase in the Maximum Special Tax following the Base Year in an amount not to exceed four percent (4%). The Annual Tax Escalation Factor shall be based on the budgeted escalation of the City of Yuba City’s combined Police and Fire Departments from the previous fiscal year.
Sample 1Sample 2Sample 3
Annual Tax Escalation Factor means an increase in the Maximum Special Tax Rate each year following the Base Year in an amount not to exceed 2% annually.
Sample 1Sample 2Sample 3

Examples of Annual Tax Escalation Factor in a sentence

  • The Maximum Special Tax for the Base Year for such Units is $500, which amount shall be increased each Fiscal Year thereafter by the Annual Tax Escalation Factor.

  • On July 1st of each fiscal year, commencing July 1, 2006, the Maximum Special Tax Rates shall be increased in accordance with the Annual Tax Escalation Factor.

  • EscalationEach Fiscal Year following the Base Year, the Maximum Special Tax Rate shall be increased in accordance with the Annual Tax Escalation Factor and otherwise adjusted as provided in this Rate and Method of Apportionment.

  • The Maximum Special Tax for the Base Year for such Units is $100, which amount shall be increased each Fiscal Year thereafter by the Annual Tax Escalation Factor.

  • Table 1Property Land Use2016/17 Maximum Special Tax Amount *Single Family Property$425 per Single Family Residential UnitMulti-Family Property$310 per Multi-Family Residential UnitUndeveloped Residential Property$0 per Assessor’s Parcel* Beginning July 1, 2018 and each July 1 thereafter, all of the Maximum Special Taxes shown in Table 1above shall be adjusted by applying the Annual Tax Escalation Factor.

  • Tax StatusBase Year Maximum Special Tax Rate [1]Tax Levy BasisResidential Parcel Single-Family Unit Multi-Family UnitNon-Residential Parcel $250$50$1,000 per unit per unit per acre [1] Each Fiscal Year following the Base Year of FY 2002/03, the Maximum Special Tax Rates shall be increased in accordance with the Annual Tax Escalation Factor.

  • The Maximum Special Tax for the Base Year for such Units is $107, which amount shall be increased each Fiscal Year thereafter by the Annual Tax Escalation Factor.

  • Each Fiscal Year following the Base Year, the Maximum Special Tax Rate shall be increased in accordance with the Annual Tax Escalation Factor and otherwise adjusted as provided in this rate and method of apportionment.


More Definitions of Annual Tax Escalation Factor

Annual Tax Escalation Factor means an annual increase in the Maximum Special Tax following the Base Year in an amount equal to the lesser of: (i) the combined percentage increase, if any, in the City of Roseville General Fund Operating Budget for police and fire services, or (ii) four percent (4%).
Sample 1

Related to Annual Tax Escalation Factor

  • Limited Indexation Factor means, in respect of a Limited Indexation Month or Limited Indexation Date, as the case may be, the ratio of the Index Figure applicable to that month or date, as the case may be, divided by the Index Figure applicable to the month or date, as the case may be, twelve months prior thereto, provided that (a) if such ratio is greater than the Maximum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Maximum Indexation Factor and (b) if such ratio is less than the Minimum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Minimum Indexation Factor;

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Base Year means the period set forth in Section 5 of the Summary.