Base tax rate definition

Base tax rate means a millage rate for a local unit of government equal to the dollar amount of taxes levied for operating purposes for the concluding fiscal year from existing property divided by the taxable value of existing property for ad valorem property tax levies for the ensuing fiscal year.

Base tax rate means the Taxes, as finally determined, for the Base Tax Year;

Base tax rate is defined in Section 5.2.1.

Examples of Base tax rate in a sentence

• The Board of Managers shall consider adjusting the Base Tax Rate to be above 54% if requested by a Member upon a determination that the federal and state tax rates affecting the Member (or the Member’s taxpayers) have increased by more than 1%; provided, however, the Board of Managers shall have no obligation to increase the Base Tax Rate.

• Subject to Section 5.1, the Company shall distribute to all Members prior to the tenth (10th) day after the end of each calendar quarter an aggregate amount equal to the Base Tax Rate times the allocations of taxable income made or expected to be made pursuant to this Article 5 for such quarter (the “Tax Distribution”).

• The “Base Tax Rate” shall be equal to forty-eight percent (48%), provided however if the Alternative Tax Rate is higher than 48%, the Alternative Tax Rate shall be the Base Tax Rate.

• The Company shall distribute to all Members prior to the tenth (10th) day before the due date of the federal quarterly estimated tax payments an aggregate amount equal to the Base Tax Rate times the allocations of taxable income made or expected to be made pursuant to this Article 5 for such quarter (the “Tax Distribution”).

• Except as set forth in Section 12.5, the Company shall distribute to all Members prior to the 10th day before the due date of the federal quarterly estimated tax payments an aggregate amount equal to the Base Tax Rate times the allocations of taxable income made or expected to be made pursuant to this Article 5 for such quarter (the “Tax Distribution”).

More Definitions of Base tax rate

Base tax rate means 50% of the sum of the Taxes, as finally determined, for the 2013/2014 Tax Year and the 201412015 Tax Year;

Base tax rate means the real estate tax rate in effect for the calendar year 2001.

Base tax rate means the real estate tax rate in effect for (i) in the case of periods prior to February 1, 2010, the calendar year 2006, (ii) in the case of periods on and after February 1, 2010 but prior to the Replacement Effective Date, the calendar year 2010 and (iii) in the case of periods from and after the Replacement Effective Date, the calendar year 2016.

Base tax rate means $475,000.00;

Base tax rate means the assessed valuation of the Real Property, as finally determined following completion of construction and issuance of a final certificate of occupancy therefor tor such equivalent certification if a certificate of occupancy is not used), multiplied by the tax rate for the Tax Year 1988 ("Base Year"). "Tax Year" shall mean the fiscal year for which taxes are levied by the Governmental Authority. "Operational Year" shall mean each calendar year during the Term after the Base Year. "Tenant's Proportionate Share of Increase" shall mean Tenant's Proportionate Share multiplied by the increase in Taxes for the Operational Year over the Base Tax Rate. "Tenant's Projected Share of Increase" shall mean Tenant's Proportionate Share of Increase for the prior Operational Year divided by twelve (12) and payable monthly by Tenant to Landlord as Additional Rent. (b) After the expiration of the Base Year and any Operational Year, Landlord shall furnish Tenant a written statement of the Taxes incurred for such Base Year or Operational Year, including any partial year. Within thirty (30) days after receipt of such statement for any Operational Year setting forth Tenant's Proportionate Share of Increase, Tenant shall pay same to Landlord as Additional Rent, subject to the provisions of paragraph 7.2(c) hereof. (c) Commencing with the first Operational Year after Landlord shall be entitled to receive Tenant's Proportionate Share of Increase, Tenant shall pay to Landlord as Additional Rent for the then Operational Year, Tenant's Projected Share of Increase. If the statement furnished by Landlord to Tenant pursuant to Paragraph 7.2(b) at the end of the then Operational Year shall indicate that Tenant's Projected Share of Increase exceeded Tenant's Proportionate Share of Increase, Landlord shall credit the amount of such excess against Additional Rent next due Landlord pursuant to the provisions of this Lease. If such statement furnished by Landlord to Tenant hereunder shall indicate that the Tenant's Proportionate Share of Increase exceeded Tenant's Projected Share of Increase for the then Operational Year, Tenant shall forthwith pay the amount of such excess to Landlord. (d) Landlord may take the benefit of the provisions of any statute or ordinance permitting any Taxes

Base tax rate means the average Taxes, as

Base tax rate with respect to each Tax, shall mean the respective Tax Rates in effect on the date of this Lease.