Destination Municipal CVA Taxes definition

Destination Municipal CVA Taxes means the amount calculated by multiplying the CVA for the Property directly attributable to the Eligible Development, as reflected in the returned assessment roll applicable to the first full taxation year following the completion and reassessment of the Property, by the tax rate(s) applicable at that time. The Destination Municipal CVA Taxes shall remain fixed for the purposes of determining the Municipal Tax Increment subject to any adjustments to taxes arising from assessment appeals or changes to the Destination Municipal CVA made by MPAC, and shall remain unchanged for the duration of the term of the Tax Assistance.
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Destination Municipal CVA Taxes means the amount calculated by multiplying the CVA for the Property directly attributable to the Eligible Development, as reflected in the
Sample 1Sample 2Sample 3
Destination Municipal CVA Taxes means the amount calculated by multiplying the CVA for the Property directly attributable to the Eligible Development, as reflected in the returned assessment roll applicable to the first full taxation year following the completion
Sample 1Sample 2Sample 3

Examples of Destination Municipal CVA Taxes in a sentence

  • Destination Municipal CVA Taxes (-) Base Municipal CVA Taxes The Municipal Tax Increment shall be calculated in the first year that the subject Assistance is provided, and shall remain subject to the provisions for adjustment as set out in the Financial Incentives Agreement.

  • Destination Municipal CVA Taxes ( - ) Base Municipal CVA Taxes In calculating the Tax Assistance available for Eligible Development, the Tax Increment shall be calculated in the first year that the subject Assistance is payable, and shall remain fixed for the duration of the Tax Assistance, subject to the provisions for adjustment as set out in the Financial Incentives Agreement.

  • The Destination Municipal CVA Taxes shall remain fixed for the purposes of determining the Municipal Tax Increment for the Eligible Development subject to any adjustments to taxes arising from assessment appeals or changes to the Destination Municipal CVA made by MPAC through requests for reconsideration, equity changes or gross error, and shall remain unchanged for the duration of the term of the payment of Development Grants for the Eligible Development.

  • Destination Municipal CVA Taxes means the amount calculated by multiplying the CVA's directly attributable to the Eligible Development as reflected in the returned assessment roll applicable to the first full taxation year following the completion and reassessment of the Eligible Development, by the municipal tax rate(s) applicable to the Property and the Eligible Development at that time.

  • Destination Municipal CVA Taxes ( - ) Base Municipal CVA Taxes In calculating the Tax Assistance available for Eligible Development, the Municipal Tax Increment shall be calculated in the first year that the subject Assistance is payable, and shall remain fixed for the duration of the Development Period, subject to the provisions for adjustment as set out in the Financial Incentives Agreement.

  • All of the seven parts of the variable groups, including: 1) patient characteristics, 2) diagnosis, 3) adverse events, 4) detail of operation in surgical cases, 5) ICU intervention, 6) discharge, and 7) summarized report, were agreed upon as the preset criteria (Median >4 and IQR <2).

  • Destination Municipal CVA Taxes means the Municipal CVA taxes that would be payable upon the first reassessment following development, based on the CVA for the fully developed property/properties, multiplied by the municipal tax rate applicable for that property/properties at that time.

  • Destination Municipal CVA Taxes (-) Base Municipal CVA Taxes The Municipal Tax Increment shall be calculated in the first year that the Tax Assistance is provided, and shall remain fixed subject to the provisions for adjustment as set out in the Financial Incentives Agreement.

  • However, if, at any time after the Destination Municipal CVA Taxes have been fixed, a property owner successfully appeals the assessment so as to reduce the taxes payable on a property, the Destination Municipal CVA Tax shall be deemed to be the taxes payable as a result of the decision of the appeal body and the Municipal Tax Increment shall be adjusted accordingly for each year to which the decision applies.

  • Destination Municipal CVA Taxes means the amount calculated by multiplying the CVA for the Property directly attributable to the Eligible Development as reflected in the returned assessment roll applicable to the first full taxation year following the completion and reassessment of the Property, by MPAC, by the tax rate(s) applicable for both the municipal and education portions of the property tax for the property, at that time..


More Definitions of Destination Municipal CVA Taxes

Destination Municipal CVA Taxes means the amount calculated by multiplying the CVA directly attributable to the Eligible Development and the land upon which it is constructed as reflected in the returned assessment roll applicable to the first full taxation year following the completion and reassessment of the Eligible Development, by the tax rate(s) applicable for both the municipal and education portions of the property tax at
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Related to Destination Municipal CVA Taxes

  • Municipal Service Area means the geographical area within the legal boundaries of the Municipality where the Company has been granted rights hereunder in connection with, among other matters, Natural Gas Distribution Service, as altered from time to time;

  • Assessment area means an area, or, if more than one area is designated, the

  • Moderate-income household means a household with a total gross annual household income in excess of 50 percent but less than 80 percent of the median household income.