Assessment reduction definition

Assessment reduction means a decrease in the amount of assessed value of qualified real rental property resulting from an agreement entered into with a municipal taxing authority, an abatement, exemption, change in assessment imposed administratively by a municipal tax assessor or county board of taxation, or a judgment entered by a county board of taxation, the tax court, or by a court of competent jurisdiction.
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Assessment reduction means a decrease in the amount of assessed value of qualified real rental property resulting from:
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Examples of Assessment reduction in a sentence

  • After filing proof of qualification with the Association, Owners of Lots or Apartment Units may be granted an Assessment reduction, as determined from time to time by the Board of Directors, provided: (i) they qualify for real estate tax reduction by Fairfax County Ordinance; (ii) their units are subsidized by the federal or state government; or (iii) their units are designed and used primarily for elderly congregate care or assisted living facilities and occupied by low or moderate income residents.

  • In each of the foregoing cases, payments received shall be credited first to interest, attorney’s fees, and other costs of collection, and then to Assessment reduction, satisfying the oldest obligations first, followed by more recent obligations, in according with the foregoing order of priority.

  • Dental anxiety: Assessment, reduction and increasing patientsatisfaction.

  • DRAFT To effectuate any Assessment reduction the County shall prepare an accounting true up for the Dune Voluntary Assessment District area based on actual expenditures and shall provide a minimum credit of 37% or 37 cents ($0.37) for any construction dollar the County estimated that was saved based on the County’s true-up.

  • JBS Tax Assessment reduction possibility-Common knowledge that JBS has applied for reduced assessment.

  • In each of the foregoing cases, payments received shall be credited first to interest, attorney’s fees, and other costs of collection, and then to Assessment reduction, satisfying the oldest obligations first, followed by more current obligations, in accordance with the foregoing order of priority.

  • This is because the grounds of appeal to SENDIST will require full review and consultation due to substantial removal of appeal rights under the proposed system (e.g. removal of Stage 4 request for statutory Assessment; reduction in the number of reviews of statements and substantial reduction in total number of statements).

  • In the pharmaceutical arena, there were significant revisions in the pricing and reimbursement systems, auditing of prescription, prescription protocol implementation, negotiations with providers, Health Technology Assessment, reduction in mark ups of pharmacists and wholesalers, generic penetration support, positive and negative list implementation.

  • Risk TypeRelevantJustificationType of Risk Assessment reduction kiln and tin concentrate dryer.

  • For this service, Client agrees to pay Attorney a fee equal to a percentage of the tax savings achieved due to the services of Attorney, in accordance with the following schedule: Except in cases where an Assessment reduction was made for “one year only” based on vacancy or construction, Assessment reductions, and the corresponding tax savings, achieved before the Assessor/Board of Review in any year of the assessment cycle should, in the ordinary course, endure for the balance of the assessment cycle.

Related to Assessment reduction

  • Commitment Reduction Notice has the meaning given that term in Section 2.13.

  • Relief Act Reduction With respect to any Mortgage Loan as to which there has been a reduction in the amount of the interest collectible thereon as a result of the application of the Servicemembers Civil Relief Act, any amount by which interest collectible on such Mortgage Loan for the Due Date in the related Due Period is less than the interest accrued thereon for the applicable one-month period at the Mortgage Interest Rate without giving effect to such reduction.

  • Relief Act Reductions With respect to any Distribution Date and any Mortgage Loan as to which there has been a reduction in the amount of interest collectible thereon for the most recently ended calendar month as a result of the application of the Relief Act, the amount, if any, by which (i) interest collectible on such Mortgage Loan for the most recently ended calendar month is less than (ii) interest accrued thereon for such month pursuant to the Mortgage Note.

  • assessment period means such period as is prescribed in sections 19 to 21 over which income falls to be calculated;

  • Assessment Report : means the assessment report referred to in Articles 32(2) and 33(3) of Regulation (EC) No 834/2007 drawn up by an independent third party fulfilling the requirements of ISO Standard 17011 or by a relevant competent authority, which includes information on document reviews, including the descriptions referred to in Articles 4(3)(b) and 11(3)(b) of this Regulation, on office audits, including critical locations and on risk-oriented witness audits conducted in representative third countries.

  • Application for Payment means Contractor’s monthly partial invoice for payment that includes any portion of the Work that has been completed for which an invoice has not been submitted and performed in accordance with the requirements of the Contract Documents. The Application for Payment accurately reflects the progress of the Work, is itemized based on the Schedule of Values, bears the notarized signature of Contractor, and shall not include subcontracted items for which Contractor does not intend to pay.

  • Debt Service Reduction With respect to any Mortgage Loan, a reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of competent jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction resulting from a Deficient Valuation.

  • Assessment roll means a permanent record of the assessment of property as

  • conformity assessment body means a body that performs conformity assessment activities including calibration, testing, certification and inspection;

  • Assessment Date means the tax assessment effective date for each tax year in question,i.e. December 31 of the immediately preceding calendar year.

  • Waste reduction , or “pollution prevention” means the practice of minimizing the generation of waste at the source and, when wastes cannot be prevented, utilizing environmentally sound on-site or off-site reuse and recycling. The term includes equipment or technology modifications, process or procedure modifications, product reformulation or redesign, and raw material substitutions. Waste treatment, control, management, and disposal are not considered pollution prevention, per the definitions under Part 143, Waste Minimization, of the Natural Resources and Environmental Protection Act (NREPA), 1994 PA 451, as amended.

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • Assessment year means the period of twelve months commencing on the 1st day of April every year;

  • Monthly Maintenance Statement shall have the meaning set forth in Clause 19.6;

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Source reduction means any practice that reduces the amount of any hazardous substance, pollutant, or contaminant entering any waste stream or otherwise released into the environment prior to recycling, energy recovery, treatment, or disposal.

  • Phase I assessment as described in, and meeting the criteria of, (i) Chapter 5 of the FNMA Multifamily Guide or any successor provisions covering the same subject matter in the case of a Specially Serviced Mortgage Loan as to which the related Mortgaged Property is multifamily property or (ii) the American Society for Testing and Materials in the case of Specially Serviced Mortgage Loan as to which the related Mortgaged Property is not multifamily property.

  • Discount Range Prepayment Response Date has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Subordinate Reduction Amount With respect to any Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.

  • Delinquency Test means, for any Payment Date, a test that will be satisfied if:

  • Phase I Environmental Assessment A “Phase I assessment” as described in, and meeting the criteria of, the ASTM, plus a radon and asbestos inspection.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • Cumulative Appraisal Reduction Amount As of any date of determination by the Special Servicer, the sum of (i) all Appraisal Reduction Amounts then in effect, and (ii) with respect to any AB Modified Loan, any Collateral Deficiency Amount then in effect. The Certificate Administrator and the Master Servicer shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Cumulative Appraisal Reduction Amount. None of the Master Servicer, the Trustee nor the Certificate Administrator shall calculate or verify any Cumulative Appraisal Reduction Amount.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Prepayment Penalty With respect to each Mortgage Loan, the amount of any premium or penalty required to be paid by the Mortgagor if the Mortgagor prepays such Mortgage Loan as provided in the related Mortgage Note or Mortgage.

  • Assessment area means an area, or, if more than one area is designated, the