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, for any given year beginning with the 2021 tax year, fifty percent (50%) of the ad valorem property taxes levied and collected by the City for that year on the captured appraised value of real property taxable by the City and located within the TIRZ for the term of the TIRZ, as set forth in 4.01 herein.
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Examples of City Tax Increment in a sentence

  • Any TIRZ Bonds issued to reimburse the Developer shall have a pledge of no more than 70% of the City Tax Increment.


More Definitions of City Tax Increment

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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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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City Tax Increment means, for any given year during the term of this Agreement, beginning with the 2021 tax year, 60% 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.
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Related to City Tax Increment

  • Property tax increment means the amount obtained by:

  • Tax Increment means the difference between:

  • Tax Increment District or "district" means that area to which the tax increment finance plan pertains.

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • 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.

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • Increment means twelve (12) months of service credit which are purchased. The

  • Base Tax Year means the property tax levy year used

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Bid Incremental value means the minimum amount over and above the last highest bid amount by which any participating Qualified Bidder will be required to increase the next bid on the auction portal;

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

  • Additional Tax means in addition to Restaurant Tax. (C) “Additional Tax” means in addition to Commercial Lease. Review each City/Town for tax on Food for Home Consumption. (B) If you report under Hotel (Business code 044), this city has an Additional Hotel tax rate that must be applied and reported (Business Code 144). (D) Report amount due on materials purchased exempt from tax and incorporated into a Maintenance, Repair, Replacement or Alteration (MRRA) project. (E) When reporting for Short Term Motor Vehicle you must report Business Code 214 and 114 for this City.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.