Back taxes definition

Back taxes means the property taxes that would have been paid but for the existence of the property tax exemption during the three years immediately preceding the cancellation or removal of the exemption or during the life of the exemption, whichever is less, plus interest at the same rate and computed in the same way as delinquent property taxes. However, if the property was exempt under RCW 84.36.050(2), "back taxes" means the taxes that would have been col- lected but for the existence of the property tax exemption during the seven years immediately preceding the cancellation or removal of the exemption or during the life of the exemption, whichever is less.
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Back taxes means the property taxes that would have been paid but for the existence of the property tax exemption during the three years immediately preceding the cancellation or removal of the exemption or during the life of the exemption, whichever is less, plus interest at the same rate and ((computed)) calculated in the same way as delinquent property taxes((, see)). RCW 84.36.810. However, "back taxes" are calculated differently when an exemption is ((cancelled)) canceled or removed from property owned by a not-for-profit foundation established for the exclusive support of an institution of higher edu- cation under RCW 84.36.050(2) or a nature conservancy under RCW
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Back taxes means the property taxes that would have been paid but for the existence of the property tax exemption during the three years immediately preceding the cancellation or removal of the exemption or during the life of the exemption, whichever is less, plus interest at the same rate and calculated in the same way as delinquent property taxes. RCW 84.36.810. However, "back taxes" are calculated differently when an exemption is canceled or removed from property owned by a not-for-profit foundation established for the exclusive support of an institution of higher education under RCW 84.36.050(2) or a nature conservancy under RCW 84.36.260. See RCW 84.36.810 (1)(b) and WAC 458-16-150 Cessation of use—Taxes collectible for prior years, regarding not-for-profit foundations and RCW 84.36.262 and WAC 458-16-290 Nature conservancy lands, regarding nature conservancies for a more detailed explanation of the back taxes imposed on these en- tities.
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Examples of Back taxes in a sentence

  • Back taxes and assessments for back taxes, if any, shall be paid by Seller.

  • If the Property is under a special land use assessment and roll back taxes are assessed due to a change in use by Buyer, then Buyer shall be solely responsible for any "Roll Back" taxes that may be assessed.

  • Pay appropriate Roll Back taxes as determined by Box Elder County for a property that is being subdivided and was previously taxed as Green Belt property.

  • For the current year Back taxes Conveyance to be subject to building restrictions of record Existing leases Possession to be given Fire Insurance Seller to bear risk of hazard loss through date of deed.

  • If the Property is under a special land use assessment and roll back taxes are assessed due to a change in use by ▇▇▇▇▇, then Buyer shall be solely responsible for any "Roll Back" taxes that may be assessed.

  • Back taxes, if any, shall be paid by SELLER; (b) SELLER’s hazard insurance will be canceled.

  • For the current year Back taxes Conveyance to be subject to building restrictions of record Existing leases Possession to be given Fire Insurance Seller to bear risk of hazard loss through date of deed COMMISSION: Upon consummation of this contract the seller shall pay ▇▇▇ ▇▇▇▇▇ AUCTION COMPANY LLC as Agent, a commission as agreed under a separate listing contract.

Related to Back taxes

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Consolidated Tax Expense means, for any period, the tax expense of Holdings and its Subsidiaries, for such period, determined on a consolidated basis in accordance with GAAP.

  • Excluded Taxes means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 11.13) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to Sections 3.01(b) or (d), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(f) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA.