Base Assessment definition

Base Assessment means the assessment levied on all Lots subject to assessment under Article IX below to fund Common Expenses, as determined in accordance with Article IX below.

Base Assessment means and refer to assessments levied against all Units in the Properties to fund Common Expenses.

Base Assessment means the assessment as determined by the assessor of property used to determine the base tax.

Examples of Base Assessment in a sentence

• Unless the Board otherwise provides, the Base Assessment shall be due and payable in advance on the first day of each fiscal year.

• This amount shall be in addition to, not in lieu of, the annual Base Assessment and shall not be considered an advance payment of such assessment.

• Unless the Board otherwise provides, the Base Assessment and any Neighborhood Assessment shall be due and payable in advance on the first day of each fiscal year.

• The Board may revise the budget and adjust the Base Assessment from time to time during the year, subject to the notice requirements and the right of the Members to disapprove the revised budget as set forth above.

• In determining the Base Assessment rate per Unit, the Board may consider any assessment income expected to be generated from any additional Units reasonably anticipated to become subject to assessment during the fiscal year.

More Definitions of Base Assessment

Base Assessment means assessments levied on all Units subject to assessment under Article VIII to fund Common Expenses for the general benefit of all Units, as more particularly described in Article VIII.

Base Assessment means assessments levied on all Units subject to assessment under Article VII to fund Common Expenses for the general benefit of all Units, as more particularly described in Article VII, Section 1.

Base Assessment means the unimproved subdivided assessed value of each lot in the Project as of the Effective Date or as soon thereafter as the unimproved value of each subdivided lot is established as set forth in the Exhibit 1 attached hereto and made a part hereof or to be attached hereto as soon as the Base Assessment in determined.

Base Assessment means the assessment by each of the taxing authorities affecting the Real Property in effect on the date of this Lease as the same may be adjusted pursuant to Section 10.02 C 2 hereof.

Base Assessment means and refer to assessments leveled against all Lots in the Properties to fund Common Expenses.

Base Assessment means and refer to assessments levied against all Lots in the Real Estate to fun Common Expenses.

Base Assessment as defined in the Community Charter is an assessment established by the Board of Governors (“Board”), which is imposed upon the owner of each lot/unit (including Purchaser, but excluding Declarant). Currently, the Base Assessment is $892.50/month ($10,710.00/year) per lot/unit, which assessment could increase by 20% per year, provided that Hawaii law does not mandate otherwise. Payment of the Base Assessment to the Community Association shall commence upon Closing. Currently, the fees (which are annual fees) are collected monthly; however, the Board has the right to change the method of collection and could, for example, require that the fees be payable annually, quarterly or semi-annually in advance.