Assessed Value of Improvements definition

Assessed Value of Improvements means, for property tax years beginning on or before July 1, 1996, the assessed value of improvements as recorded in the assessment roll for Multnomah County for a specified assessment year and, for property tax years beginning on or after July 1, 1997, the real market value of improvements as recorded in the assessment roll for Multnomah County for a specified assessment year; or, as to property assessed by the Oregon Department of Revenue, the real market value of the property where “real market value” means the minimum amount in cash which could be reasonably expected by an informed seller acting without compulsion from an informed buyer acting without compulsion, in an arm’s length transaction during that assessment year.
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Assessed Value of Improvements means the BC Assessment Authority’s assessed value of improvements on the parcel.
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Examples of Assessed Value of Improvements in a sentence

  • Assessed Value of Improvements Only Projected Tax Increase Per Year Total New Est.

  • The amount of the tax exemption will be calculated as a percentage of the increase in Assessed Value of Improvements (AVI) the Base Year Valueassessed value of residential improvements between the year before the construction or alteration began and the year in which the Tax Exemption Certificate is issued, using the formula below: multiplied by the municipal tax rate, for each of the taxation years over the term of the tax exemption.

  • The schedule is as follows:Percentage of the Assessed Value of Improvements Exempted For Residential Property For Commercial and Mixed-Use PropertiesYear 1100% 100%Year 290% 100%Year 380% 100%Year 470% 100%Year 560% 100%Year 650% 83%Year 740% 67%Year 830% 50%Year 920% 33%Year 1010% 17%Year 11No tax abatement shall apply No tax abatement shall apply Note: Tax abatement applies only to Borough and Wilkinsburg School District real estate taxes.

  • Assessed Value of Improvements to Real Property & Tangible Personal Property(c) Agreement - A Business will be required to enter into an agreement with the County requiring the Business to satisfy the Business Maintenance and Continued Performance Conditions set forth in the Application.

  • The exemption from taxes on the improvements to designated areas shall be as forth in the following schedule: LengthPercentage of Assessed Value of Improvements Subject to ExemptionYear 1100%Year 287.5%Year 375%Year 462.5%Year 550%Year 637.5%Year 725%Year 812.5%Year 9No exemptions, all improvements are fully taxable.

  • Smith Township; Tax Code No. 65-05-28-200-003.000-014; Assessed in the name of First National Bank, Dona Ana County, NA, in Trust for the benefit of the Curling Family Trust dated 3/21/1989; Assessed as Vacant Lot; Assessed Value of Land $111,700; Assessed Value of Improvements $0.00; Mortgage Exemption $0.00; Homestead Exemption $0.00; Homestead Supplemental $0.00; May installment $1019.15 paid; November installment $1019.15 unpaid.

  • Smith Township; Tax Code No. 65-05-12-400-018.000-014; Assessed in the name of First National Bank, Dona Ana County, NA, in Trust for the benefit of the Curling Family Trust dated 3/21/1989; Assessed as Vacant Lot; Assessed Value of Land $23,200; Assessed Value of Improvements $0.00; Mortgage Exemption $0.00; Homestead Exemption $0.00; Homestead Supplemental $0.00; May installment $211.68 paid; November installment $211.68 unpaid.

  • Recommendations 19[G.] Expected Fiscal Effects and Implementation Strategy 21[H.] References 25Appendix I: Downtown Whitehorse Map – Properties with an Assessed Value of Improvements at $10,000 or less (2014 Tax Year).Appendix II: Inventory of Underdeveloped Property in Downtown Whitehorse[A].

  • Assessed Value of Improvements Only$2,005,000Projected Tax Increase Per Year2.00%Total New Est.

Related to Assessed Value of Improvements

  • Minimum Improvements means the acquisition of land and construction of a 64-unit market rate residential apartment building and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • Substitute Improvements means the substitute or additional improvements of the Issuer described in Article V hereof.

  • Tenant Improvements Defined in Exhibit B, if any.

  • Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.

  • Site Improvements means any construction work on, or improvement to, streets, roads, parking facilities, sidewalks, drainage structures and utilities.

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by Company or any Company Subsidiary, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the lease for such Leased Real Property.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.  Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • Public improvement costs means the costs of:

  • Improvements shall have the meaning set forth in the granting clause of the Mortgage.

  • Private Improvements means the improvements to be constructed on the Property that are not Public Improvements.

  • Assessed value means 1 of the following:

  • Public Improvements means only the following improvements: housing facilities; garbage disposal plants; rubbish disposal plants; incinerators; transportation systems, including plants, works, instrumentalities, and properties used or useful in connection with those systems; sewage disposal systems, including sanitary sewers, combined sanitary and storm sewers, plants, works, instrumentalities, and properties used or useful in connection with the collection, treatment, or disposal of sewage or industrial wastes; storm water systems, including storm sewers, plants, works, instrumentalities, and properties used or useful in connection with the collection, treatment, or disposal of storm water; water supply systems, including plants, works, instrumentalities, and properties used or useful in connection with obtaining a water supply, the treatment of water, or the distribution of water; utility systems for supplying light, heat, or power, including plants, works, instrumentalities, and properties used or useful in connection with those systems; approved cable television systems, approved cable communication systems, or telephone systems, including plants, works,

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Assessed Property means any Parcel within the District against which an Assessment is levied.

  • Licensee Improvements means Improvements created, conceived, or reduced to practice by or for Licensee.

  • Base Building Work means the base building work for the Building as described in this Manual.

  • Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

  • Building Common Areas means with respect to the Tower, the areas, facilities and amenities specified in Schedule [E] which are to be used and enjoyed in common with all the other Apartment Acquirers of the Units in the Building; and

  • Developed Land means non-vacant land that is likely to be redeveloped during the planning period.

  • Home improvement means the remodeling, altering,

  • Building Work has the meaning given to it in section 6 of the Building and Construction Industry (Improving Productivity) Act 2016 (Cth);

  • Public improvement means projects for construction, reconstruction or major renovation on real property by or for a public agency. “Public Works” shall mean roads, highways, buildings, structures and improvement of all types, the construction, reconstruction, major renovation or painting of which is carried on or contracted for by any public agency to serve the public interest by does not include the reconstruction or renovation of privately owned property which is leased by a public agency.

  • Base Building shall include the structural portions of the Building, the public restrooms and the Building mechanical, electrical and plumbing systems and equipment located in the internal core of the Building on the floor or floors on which the Premises are located. Tenant shall promptly provide Landlord with copies of any notices it receives regarding an alleged violation of Law. Tenant shall comply with the rules and regulations of the Building attached as Exhibit E and such other reasonable rules and regulations adopted by Landlord from time to time, including rules and regulations for the performance of Alterations (defined in Section 9).

  • Alterations means all changes, additions, improvements or repairs to, all alterations, reconstructions, renewals, replacements or removals of and all substitutions or replacements for any of the Improvements or Equipment, both interior and exterior, structural and non-structural, and ordinary and extraordinary.

  • Maximum medical improvement means that no further material improvement would reasonably be expected from medical treatment or the passage of time;