Examples of Base Valuation in a sentence
If Company desires to appeal the appraised value of the Project and the appraised value of the Project is adjusted by either the Xxxxxxx County Appraiser’s Office or the Board of Tax Appeals to an amount below the Base Valuation, the PILOT shall be automatically terminated upon fourteen (14) written notice of the City.
If Company desires to appeal the appraised value below the Base Valuation, the parties may renegotiate this Agreement, but are not obligated to do so.
This provision shall not apply if the County Appraiser unilaterally (and without an appeal of the Company) appraises the Project below the Base Valuation.
Total Taxable Valuation = Base Valuation + (Added Value x Abatement Factor) Total PILOT Payment = Total Taxable Valuation (after equalization) x Tax Rate Peak Fabrications (Optipro) WCIDA 00000-00-000000 Cost Benefit Analysis Total Project Costs $899,999 Amount Subject to Sales Tax $0 Amount Subject to Mortgage Recording Tax $899,999 Land Value/ Existing Value $258,600 Value of Improvement $916,400 Year Est.
The Company agrees to enter into an assessment agreement (the “Assessment Agreement”), pursuant to Section 403.6 of the Code of Iowa fixing the minimum assessed valuation of the Property, in contemplation of the Base Valuation plus the value to be added by the proposed Project, at not less than Eighteen Million Dollars ($18,000,000) (the “Minimum Assessed Valuation”) as of January 1, 2014 (the “First Valuation Date”).