Captured Appraised Value definition

Captured Appraised Value in a given year means the total appraised value of all real property taxable by the County and located in the Zone for that year less the Tax Increment Base.
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Captured Appraised Value means the total appraised value of property in the Zone as of January 1 of any year less the Tax Increment Base of the Zone, all as defined in the TIRZ Act.
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Captured Appraised Value has the meaning ascribed by Chapter 311, Texas Tax Code.
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Examples of Captured Appraised Value in a sentence

  • The estimated Captured Appraised Value of the Zone during each year of its existence is set forth in the Feasibility Study and is verified by the Appraisal District.

  • The amount of the City Tax Increment for a year is the amount of property taxes levied and collected by the City for that year on the captured appraised value of the Property which is the total taxable value of all real property taxable by the City in the Zone (the "Captured Appraised Value"), less the Tax Increment Base (hereinafter defined) of the Property.

  • Total appraised value in TRZ − Tax increment base = Captured Appraised Value.

  • The County is not obligated to pay the County Tax Increment from any source other than taxes collected on the Captured Appraised Value.

  • The City agrees to participate in the Reinvestment Zone by contributing into the Tax Increment Fund 75% of its Tax Increment each year during the term of the Agreement on the Captured Appraised Value of real property within the Reinvestment Zone up to a total amount of $9,000,000.00.


More Definitions of Captured Appraised Value

Captured Appraised Value means the captured appraised value of the ZONE, as defined by Section 311.012(b), Texas Tax Code (and as said Code may be amended from time to time); e.
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Captured Appraised Value means the new taxable value generated beyond the Tax Increment Base on a parcel-by-parcel basis for each year during the term of the Zone, as calculated and confirmed annually by the Appraisal District.
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Captured Appraised Value means the total appraised value of all real property taxable by the City and located in the Zone as of January 1 of any year less the Tax Increment Base of the Zone.
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Captured Appraised Value means the total appraised value of all real property taxable by the Taxing Units and located in the Zone for the year less the Tax Increment Base of the Taxing Units.
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Captured Appraised Value means the total taxable value of all real property taxable by the City located in the Zone for each year less the Tax Increment Base.
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Captured Appraised Value means the total taxable value of the District located within the boundary of the TIRZ for a given year less the total taxable value of the District located within the boundary of the TIRZ for the year in which the TIRZ was created.
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Captured Appraised Value means, with respect to each Taxing Unit in each year, the
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