Base Tax definition

Base Tax means Taxes, as finally determined by settlement, court decision or otherwise, for the fiscal Tax Year ending June 30, 2008 except no effect shall be given to any abatement or other reduction.

Base Tax means the Taxes for the Base Tax Year.

Base Tax means the Taxes for the fiscal year commencing July 1, 2014 and ending June 30, 2015 (such fiscal year being hereinafter referred to as the “Base Tax Year”).

Examples of Base Tax in a sentence

• The property tax levy year immediately preceding the Base Tax Year.

• A numerical ratio, certified by the County Clerk, in which the numerator is the Base Tax Year's Tax Extension and the denominator is the Preceding Tax Year's Tax Extension.

• If Base Real Estate Taxes are reduced as the result of protest, by means of agreement, as the result of legal proceedings, or otherwise, Landlord may adjust Tenant’s obligations for Real Estate Taxes in all years affected by any refund of taxes following the Base Tax Year; and Tenant shall pay Landlord within thirty (30)days after notice any additional amount required by such adjustment for any Adjustment Periods that have theretofore occurred.

• Tenant shall be entitled to receive a share of any refund or abatement of Real Estate Taxes received by Landlord to the extent of and in proportion to Tenant’s actual contribution to the amount of Real Estate Taxes paid by Landlord during the period to which such refund or abatement relates, but in no event shall Tenant be entitled to any refund with respect to Real Estate Taxes paid by Landlord during Tenant’s Base Tax Year.

• It is the intention of Landlord and Tenant that the Monthly Rent paid to Landlord throughout the term of this Lease shall be absolutely net of all increases, respectively, in Tax Expenses and Operating Expenses over, respectively, Tax Expenses for the Base Tax Year and Operating Expenses for the Base Year, and the foregoing provisions of this Paragraph 7 are intended to so provide.

More Definitions of Base Tax

Base Tax means one-half (1/2) of the sum of (a) the Taxes, as finally determined, for the fiscal year July 1, 2016 to June 30, 2017 and (b) the Taxes, as finally determined, for the fiscal year July 1, 2017 to June 30, 2018.

Base Tax means a sum determined by applying the tax rates set forth on tax bills rendered by the taxing authorities for the tax year of each such taxing authority during which this lease is executed to the assessed valuations (after any reduction in said assessment as a result of any tax abatement or other tax relief of any nature whatsoever) of the Real Property for the tax year during which the Commencement Date shall occur. "Tax Year" shall mean the fiscal period for each Tax affecting the property (whether or not a calendar year) as established by each taxing authority. Any and all tax abatements shall be for the benefit of Landlord.

Base Tax means the Taxes payable for the Base Year, net of any special assessments and as finally determined. If the Base Tax subsequently shall be adjusted, corrected or reduced whether as the result of protest, by means of agreement or as the result of legal proceedings, the Base Tax for the purpose of computing any additional rent payable pursuant to this Article shall be the Base Tax as so adjusted, corrected or reduced. Until the Base Tax is so adjusted, corrected or reduced, if ever, Tenant shall pay additional rent hereunder based upon the unadjusted, uncorrected or unreduced Base Tax and upon such adjustment, correction or reduction occurring, any additional rent payable by Tenant prior to the date of such occurrence shall be recomputed and Tenant shall pay to Landlord any additional rent found due by such recomputation within ten days after being billed therefor (which xxxx shall set forth in reasonable detail the pertinent date causing and comprising such recomputation).

Base Tax is the product of the tax rates set forth on tax bills rendered for each Tax for the Tax Year during which January 1, 1997 occurs, multiplied by the assessed valuations of the Real Property for the Tax Year during which January 1, 1997 occurs. "Tax Year" shall mean the fiscal period for each Tax. Any and all tax abatements shall be for the benefit of Owner.*

Base Tax means the Taxes for the twelve month period ending June 30, 1999 (the "Base Tax Year").

Base Tax means the Taxes for the fiscal tax year commencing July 1, 1999 and ending June 30, 2000 (the "Base Tax Year").

Base Tax means the amount equal to the product of the annual Fixed Rent per RSF payable by Tenant under this Lease for calendar year 2017 (adjusted proportionately for periods less than a calendar year and excluding any “free-rent” or “rent credit” provided by Landlord) multiplied by initial PILOT Rate under the Agreement, i.e., 10.25%.