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

• Landlord represents and warrants that the Base Tax Amount will not include, and shall not be reduced by, any As-of-Right Benefits (defined below).

• 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.

• Unless otherwise stated, a favorable comparison shall be obtained when independent QA samples meet the same specification criteria as QC.

• Landlord may also at any time and from time to time, furnish to Tenant a revised Landlord’s Statement or Statements showing separately or together (a) a comparison of the Taxes payable for the Comparison Year with the Base Tax Amount and (b) a comparison of the Operating Expenses for the Comparison Year with the Base Operating Factor.

• 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").

More Definitions of Base Tax Amount

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. The Taxes payable for the Fiscal Year commencing July 1, 2014 and ending June 30, 2015, as finally determined.

Base Tax Amount is defined in Article 1 above.

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.

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 that portion of taxes that would be produced by the rate upon which the tax is levied each year by or for all taxing agencies upon the total sum of the taxable value of the taxable property in a redevelopment project area as shown upon the assessment roll used in connection with the taxation of the property by the taxing agencies, last equalized before the effective date of the:

Base Tax Amount means the Taxes (excluding any amounts described in Section 3.04(b)(iii)) for the period commencing on July 1, 2002 and ending on June 30, 2003. Landlord represents and warrants that the Base Tax Amount will not include, and shall not be reduced by, any As-of-Right Benefits (defined below).