Base Tax Amount definition

Base Tax Amount means a sum equal to the tax revenue arising from the Project Area during the Base Year, which is calculated as the product of the Base Taxable Value and the certified tax rate in effect during the Base Year.

Base Tax Amount means the Taxes for the Base Tax Year.

Base Tax Amount means the amount of Municipal property taxes levied on the property in the year the Application was submitted.

Examples of Base Tax Amount in a sentence

• Accordingly, the Base Tax Amount shall mean fifty (50%) percent of the sum of (i) the Taxes payable for the New York City fiscal tax year commencing on July 1, 2013 and ending on June 30, 2014, and (ii) the Taxes payable for the New York City fiscal tax year commencing on July 1, 2014 and ending on June 30, 2015.

• In determining the Minimum Rent, the Base Tax Amount and the Base Operating Factor for the Renewal Term, all relevant factors (whether favorable to Landlord or Tenant), including the amount of Additional Rent then being paid by Tenant on account of any escalations shall be taken into account.

• With respect to the Redevelopment Project, the actual base tax year and Base Tax Amount for each phase will be established via the notifications from Redeveloper to the Agency referenced in Paragraph H, above, as shall be further detailed in the “redevelopment contract” (as defined in the Act) entered into between Redeveloper and the Agency with respect to the Redevelopment Project.

• Tenant shall pay to Landlord, in addition to the Monthly Base Rent and for each calendar year of the Term, an amount equal to the excess, if any, of Tenant's Share of Taxes (as defined below) paid or incurred by Landlord during such calendar year, over the Base Tax Amount (such excess is hereinafter referred to as the "Excess Taxes").

• If Expenses or Taxes in any calendar year or Fiscal Year decrease below the amount of Expenses for the Base Year or the Base Tax Amount, as the case may be, Tenant’s Expense Excess or Tax Excess, as the case may be, for that calendar year or Fiscal Year shall be $0.

More Definitions of Base Tax Amount

Base Tax Amount means one-half of the sum of the Taxes, as finally determined, for (i) the Tax Year commencing on July 1, 2007 plus (ii) the Tax Year commencing July 1, 2008.

Base Tax Amount means the amount of Taxes with respect to the Tax Year commencing on July 1, 2005 and ending on June 30, 2006;

Base Tax Amount means the Taxes, as finally determined, for the Tax Year in which occurs the Commencement Date of such Extension Term; and

Base Tax Amount means the Taxes for the period commencing on July 1, 2014 and ending on June 30, 2015.

Base Tax Amount with respect to the 10th and 11th Floors only, shall mean the fifty percent (50%) of the sum of: (i) the Taxes due for the New York City fiscal tax year commencing July 1, 2016 and ending June 30, 2017 and (ii) the Taxes due for the New York City fiscal tax year commencing July 1, 2017 and ending June 30, 2018.

Base Tax Amount means the Taxes, as finally determined, for the Tax Year in which occurs the Commencement Date, subject to the adjustment as provided in § 3.02(a).

Base Tax Amount means fifty percent (50%) of the sum of the Taxes attributable to (i) the 2007/2008 Tax Year, as the same may be adjusted, and (ii) the 2008/2009 Tax Year, as the same may be adjusted.