Backup Annual Special Tax definition

Backup Annual Special Tax means the Special Tax of that name described in Section E.
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Backup Annual Special Tax means the Backup Annual Special Tax A or Backup Annual Special Tax B.
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Backup Annual Special Tax means the Special Tax applicable to each Assessor’s Parcel of Developed Property, as determined in accordance with Section C.1.b. below.
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Examples of Backup Annual Special Tax in a sentence

  • The result is the Backup Annual Special Tax per square foot of Acreage which shall be applicable to Assessor's Parcels of Developed Property in such changed or modified Final Subdivision Map area for all remaining Fiscal Years in which the Special Tax may be levied.

  • Additionally, the notice shall indicate that the Assigned Annual Special Tax and the Backup Annual Special Tax if applicable for the Assessor's Parcel has been reduced by an amount equal to the percentage which was partially prepaid.

  • For each Assessor’s Parcel of Taxable Developed Property, compute the Assigned Annual Special Tax and the Backup Annual Special Tax.

  • For each Assessor’s Parcel of Taxable Undeveloped Property, compute the Assigned Annual Special Tax and the Backup Annual Special Tax applicable to the Assessor’s Parcel as though it was already designated as Taxable Developed Property, based upon the building permit issued for that Assessor’s Parcel.

  • The result is the Backup Annual Special Tax per square foot of Acreage which shall be applicable to Assessor's Parcels of Developed Property in such changed or modified area of the Final Subdivision Map.

  • Third: If the sum of the amounts levied on Assessor’s Parcels in the first and second steps above is less than the Annual Special Tax Requirement, then the Annual Special Tax on each Assessor's Parcel of Taxable Developed Property whose Maximum Special Tax is the Backup Annual Special Tax shall be increased Proportionately from the Assigned Annual Special Tax up to the Backup Annual Special Tax to satisfy the Annual Special Tax Requirement.

  • The Maximum Special Tax for each Assessor’s Parcel classified as Developed Property in any Fiscal Year shall be the greater of (i) the Assigned Annual Special Tax or (ii) the Backup Annual Special Tax.

  • The Maximum Special Tax for each Assessor's Parcel classified as Taxable Developed Property in any Fiscal Year shall be the greater of (i) the Assigned Annual Special Tax or(ii) the Backup Annual Special Tax.

  • For each Assessor’s Parcel of Developed Property, compute the Assigned Annual Special Tax and the Backup Annual Special Tax.

  • SECTION EBACKUP ANNUAL SPECIAL TAX Each Fiscal Year, each Assessor’s Parcel of Taxable Developed Property shall be subject to a Backup Annual Special Tax.

Related to Backup Annual Special Tax

  • Assigned Annual Special Tax means the Special Tax of that name described in Section D.

  • Annual Special Tax means the Special Tax actually levied in any Fiscal Year on any Assessor’s Parcel.

  • Maximum Special Tax means the maximum Special Tax, determined in accordance with Section C below, that can be levied in any Fiscal Year on any Assessor’s Parcel.

  • Special Tax means the special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax Requirement.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Dialing Parity means as defined in the Act. As used in this Agreement, Dialing Parity refers to both Local Dialing Parity and Toll Dialing Parity.

  • Special Tax Requirement means that amount required in any Fiscal Year to: (i) pay debt service on all Outstanding Bonds; (ii) pay periodic costs on the Bonds, including but not limited to, credit enhancement and rebate payments on the Bonds; (iii) pay Administrative Expenses; (iv) pay any amounts required to establish or replenish any reserve funds for all Outstanding Bonds; (v) pay directly for the acquisition or construction of facilities authorized to be financed by IA No. 2 to the extent that inclusion of such amount does not increase the Special Tax levy on Undeveloped Property; and (vi) pay for reasonably anticipated Special Tax delinquencies based on the historical delinquency rate for IA No. 2 as determined by the CFD Administrator; less (vii) a credit for funds available to reduce the annual Special Tax levy, as determined by the CFD Administrator pursuant to the Indenture.