City Tax Increment definition

City Tax Increment means the Available Tax Increment generated from the TIRZ that is not now otherwise committed to the reimbursement of a developer (other than the City).
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City Tax Increment means total amount of property taxes assessed, collected, and deposited into the Tax Increment Fund by City for the year on the Captured Appraised Value of real property taxable by City and located in the Zone.
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City Tax Increment means 100% of the ad valorem property taxes levied and collected by the City for that year in the captured appraised value of real property taxable by the City and located within the Zone reduced by reasonable, ordinary and customary expenses of the TIRZ, including expenses to establish and administer the Zone not including the City Base Increment.
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Examples of City Tax Increment in a sentence

  • On February 4, 2013, the City Council adopted revised City Tax Increment Financing (TIF) Policy (Item A in Appendix) in support of investment in municipal economic development programs and infrastructure investment.

  • 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.

  • Blackstone’s discount rate is based on a weighted average cost of capital (“WACC”) in which the set of companies evaluated in the Comparable Company analysis was used as a peer group.

  • Discuss and consider approving a resolution approving a First Amendment to Reimbursement Agreement for Tax Increment Reinvestment Zone Number Two, City of The Colony, Texas, with TP TIF, LLC, by changing the City Tax Increment from seventy percent (70%) to forty-five percent (45%).

  • Statistically we find that the responses received are generally in line with what we have experienced elsewhere.

  • Conduct a public hearing and discuss and consider approving an ordinance amending Ordinance No. 2013-2034 concerning Tax Increment Reinvestment Zone Number Two, City of The Colony, Texas, by amending and changing the City Tax Increment from seventy percent (70%) to forty-five percent (45%).

  • City Tax Increment – means the tax increment derived from City Taxes.

  • Ms. Roberts moved to appoint Mr. Monaco as Chairperson for the Rodeo City Tax Increment Finance Reinvestment Zone No. One Board of Directors to serve a one-year term beginning January 1, 2006.

  • Mr. Retz asked if the City gets 60 percent of the City Tax Increment Funding (TIF).Scott Larese, City of Titusville Manager, replied it is 40 percent.

  • The Pledged Revenue Funds are the accounts into which payments of the City Tax Increment, the City Sales Tax Increment and the County Tax Increment made by the City and Zone Board pursuant to this Agreement shall be deposited.


More Definitions of City Tax Increment

City Tax Increment means the total amount of City property taxes assessed and collected for the year on the Captured Appraised Value of real property taxable by the City and located in Project Area of the Zone.
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Related to City Tax Increment

  • Tax Increment means the difference between:

  • Available Tax Increment means the Gross Tax Increment received by the City from Hennepin County during the period preceding each semi-annual Payment Date, less (i) the amount of tax increment, if any, which the City must pay to the school district, the county and the state pursuant to Minnesota Statutes, Sections 469.177, Subds. 9 and 11; 469.176, Subd. 4h; and 469.175, Subd. 1a, as the same may be amended from time to time, (ii) actual administrative costs of the City in an amount not to exceed 10% of Gross Tax Increment.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).