Captured taxable value means the amount in 1 year by which the current taxable value of an eligible property subject to a brownfield plan, including the taxable value or assessed value, as appropriate, of the property for which specific taxes are paid in lieu of property taxes, exceeds the initial taxable value of that eligible property. The state tax commission shall prescribe the method for calculating captured taxable value.
Captured taxable value means the amount in 1 year by
Captured taxable value. (the “CTV”) means the amount in any one (1) year by which the current taxable value including the taxable value of property for which specific local taxes are paid in lieu of property taxes as determined, exceeds the initial taxable value.
More Definitions of Captured taxable value
Captured taxable value means the amount in 1 year by which the current taxable value of an eligible property subject to a brownfield plan, including the taxable value or assessed value, as appropriate, of the
Captured taxable value means the current year's net ad valorem tax value of the TIRZ less the Tax Increment Base.
Captured taxable value means the current year's net ad valorem tax value of the TIRZ less the net ad valorem tax value of the TIRZ for the year in which the TIRZ was created.