Gross Tax Increment definition

Gross Tax Increment means that portion of the property taxes generated by the Property and Development that is received by the City from Hennepin County as tax increment revenue under the Tax Increment Financing Act.
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Gross Tax Increment means, for each Project Area, 100% of the revenue produced by the application of the 1% ad valorem tax rate to the Incremental Assessed Property Value of property within the Project Area.
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Gross Tax Increment means, for each of the Project Areas, 100% of the revenue produced by the application of the 1% ad valorem tax rate to the Incremental Assessed Property Value of property within the Project Area. [Gross Tax Increment is subject to deductions for the amounts required to be paid to the City for certain administrative costs incurred by the City in connection with the division of taxes under the Law.]
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Examples of Gross Tax Increment in a sentence

  • The annual administrative fees provided for in this paragraph shall be payable from the Tax Increment Revenues allocable to the Board and not from Gross Tax Increment Revenues retained by the City.

  • The maximum amount of Gross Tax Increment Revenues of the County allocable to support a Tax Increment Incentive shall be as is approved by the County Commission if the Economic Impact Plan is submitted to the County for approval.

  • Thus, the oil price shocks of the 1970s demonstrated not only that oil was a source of strength, but that reliance on foreign sources of oil was a source of weakness.The preferred policy alternative has been to simultaneously attempt to shape geopolitical realities in the Middle East while also increasing domestic production in pursuit of self- sufficiency and ever-elusive (and conceptually problematic) energy independence.

  • The difference is due to the difference between Actual and Early Calculated projections.†In this calculation, the total amount remaining for “capital projects” represented as a percentage of the Gross Tax Increment is only 8.25%.Response: City of Capitola AGREESThe flat fee of 15% of the adjusted net tax increment was used in the calculation; this figure is less than 9% of the gross tax increment.

  • A key portion of the 5-Year Implementation Plan is the accounting of expenditures of the 20% of Gross Tax Increment Funds which are to be deposited into a project’s Low and Moderate Income Housing Fund, and a summing of the construction or rehabilitation of units affordable to very low-income, low- income and moderate income persons, families and households.

  • Table 10 - Gross Tax Increment Revenue Projections (FY 2009-2014)Fiscal Year2009‐20102010‐20112011‐2012Source: City of Irwindale Department of Finance Table 11 shows an estimate of the net amounts available for project implementation over the next five years.

  • Gross Tax Increment revenues are calculated at a 1.0% tax rate adjusted for currently pending appeals and property sales information from January 1, 2018 through June 30, 2018; supplemental and aircraft revenues are not included.

  • Actual Gross Tax Increment Revenues available to the Successor Agency from the Project Area are shown below.

  • The difference is due to the difference between Actual and Early Calculated projections.†In this calculation, the total amount remaining for “capital projects” represented as a percentage of the Gross Tax Increment is only 8.25%.

  • Reflects Gross Tax Increment revenues less County Administrative Charge and Senior Obligations.


More Definitions of Gross Tax Increment

Gross Tax Increment means that portion of the property taxes generated by the [Affordable Housing Property and Housing Project][ Market Rate Property and the Market Rate Project] that is received by the City from Hennepin County as tax increment revenue under the Tax Increment Financing Act.
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Related to Gross Tax Increment

  • Tax Increment means the difference between:

  • 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:

  • Property tax increment means the amount obtained by:

  • 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.

  • Tax increment financing acts means 1975 PA 197, MCL 125.1651 to 125.1681, the tax increment finance authority act, 1980 PA 450, MCL 125.1801 to 125.1830, the local development financing act, 1986 PA 281, MCL 125.2151 to 125.2174, the brownfield redevelopment financing act, 1996 PA 381, MCL 125.2651 to 125.2672, or the corridor improvement authority act, 2005 PA 280, MCL 125.2871 to 125.2899.

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

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.