Incremental Valuation definition

Incremental Valuation means any increased taxable valuation of the Development Property above and beyond the taxable valuation reflected on the property tax rolls as of January 1, 2021.
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Incremental Valuation means, with respect to the Property, the amount of assessed valuation, if any, which exceeds the Base Valuation.
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Incremental Valuation. The Incremental Valuation shall mean the amount by which the Valuation exceeds the product of (i) the Base Valuation and (ii) the Adjustment Factor determined in accordance with Section 59 of the Chapter 40 of the General Laws.
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Examples of Incremental Valuation in a sentence

  • Incremental Valuation The Village projects that new land and improvements value of approximately $71M will result from the Project.

  • Direct Debt ($30,462,467) 0.30%Total Direct and Overlapping Tax and Assessment Debt 2.34%Combined Total Debt 3.85% Ratios to Redevelopment Incremental Valuation ($1,249,438,002):Total Overlapping Tax Increment Debt 2.38% (1) Excludes the Bonds as described herein and includes the Refunded Bonds.

  • Incremental Valuation The City projects that an incremental increase in land and improvements value of approximately $3,900,000 will result from the Project.

  • Water System Incremental Valuation CIP Project Description Total Costs,$ Total Credits, $ Net Total Cost, $ % SDFEligibleNew/ Expand Capacity,MGDNet Total Cost per Gal Capacity,$/GPDBackup Water Vault & Supply1,250,000[312,500]937,5001000.2903.23System Development Fee Analysis13,900[3,475]10,425500.2270.01TOTAL WATER COST/GALLON CAPACITY 3.24 Sewer System: Future capacity related assets for the sewer system shown in Table 12 are included in the City’s CIP.

  • Direct Debt ($225,364,729) 2.02%Total Direct and Overlapping Tax and Assessment Debt 2.71%Combined Direct Debt ($272,744,729) 2.44%Combined Total Debt 6.42% Ratio to Redevelopment Incremental Valuation ($5,980,916,072):Total Overlapping Tax Increment Debt 4.32% 1 Excludes refunding general obligation bonds to be sold.

  • Incremental Valuation The City projects that incremental land and improvements value of approximately $8.4 million will be created not later than January 1, 2020 as a result of construction of the multi-family units and a single- family home.

  • We take this as evidence of the heightened importance of the goals in the employees’ minds, since there was no major change in the goal-setting process.

  • Incremental Valuation The City projects that an incremental increase in land and improvements value of approximately $50 million will result from the Project.

  • Except as may be provided in any other provision here to the contrary, the Executive, or as the case may be, his estate or legatees, heirs or assigns, shall be paid an amount in cash equal to the value of any Stock Appreciation Rights within 120 days after each Incremental Valuation Date.

  • The percentage of the Incremental Valuation described below) exempt from taxation under the Agreement rounded to two decimal places.


More Definitions of Incremental Valuation

Incremental Valuation means the amount by which the Total Valuation of the Project Property exceeds the product of (i) the Base Valuation and (ii) the Adjustment Factor determined in accordance with X.X. x. 40, § 59. Plant Tax ("PT"). The Plant Tax is the estimated amount of real property taxes to be levied on the Project Property for each fiscal year during which exemptions are granted pursuant to this Agreement. Tax Rate ("TR"). The rate of taxation set by the Town for industrial property in a given fiscal year pursuant to statute. Transmission Line Tax ("TLT"). The Transmission Line Tax is the estimated amount of real property taxes to be levied on the portion of the new transmission line located in the Town that connects the Project Property to the Western Mass. Electric Company ("WEMCO") 115 kv transmission system in Westfield, MA, and paid to the Town by WEMCO or its successors and assigns for each fiscal year during which exemptions are granted pursuant to this Agreement. Total Tax ("TT"). The sum of the estimated PT and estimated TLT which are as follows:
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Related to Incremental Valuation

  • Incremental value means a figure derived by multiplying the marginal value of the property located within a project area on which tax increment is collected by a number that represents the adjusted tax increment from that project area that is paid to the agency.

  • 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;

  • Final Valuation Date means the Final Valuation Date as specified in § 1 of the Product and Underlying Data. If the Final Valuation Date is not a Calculation Date the immediately following Banking Day which is a Calculation Date shall be the Final Valuation Date.

  • Incremental cost means all costs that could be avoided in the medium term if a Segment was removed from the Network;

  • Annual Valuation Date means the Valuation Date each calendar year so designated by the Trust, commencing in the calendar year 2003.

  • Initial Valuation means, when used with reference to specified Collateral, the Valuation initially performed for the Collateral as of the date on which the Collateral was added to the Collateral Pool. The Initial Valuation for each of the Initial Mortgaged Properties is as set forth in Exhibit A to the Agreement.

  • Approved Valuation Firm means, with respect to any Collateral Obligation, each of (a) Xxxxxx Xxxxxx, (b) Xxxxxxxx Xxxxx, (c) Lincoln International LLC, (d) Duff & Xxxxxx and (e) any other nationally recognized valuation firm approved by the Borrower and the Facility Agent.

  • Bid Valuation Date means January 15, 2010.

  • Initial Valuation Date means the Issue Date, provided that if such day is not an Exchange Business Day for a Share then the Initial Valuation Date for that Share will be the first succeeding day that is an Exchange Business Day, subject to the occurrence of a Market Disruption Event. See “DESCRIPTION OF THE NOTES – Market Disruption Event” below for further detail.

  • Auto-Call Valuation Date means, in respect of an Index and subject to the Adjustment Provisions, each day specified as such in the definition of Auto-Call Trigger Level, or if any such day is not a Scheduled Trading Day for such Index, the next following Scheduled Trading Day in respect of such Index.

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

  • Call Valuation Date means the first Scheduled Trading Day of the month following the expiry of 35 calendar days after the Issuer’s Call Date. For the avoidance of doubt, the 35 calendar day period is mandatory and non- waivable by either the Issuer or the Holder.

  • MFP Valuation Date means the MFP Settlement Valuation Date;

  • Incremental Costs means all reasonable additional costs properly and reasonably incurred by Network Rail in respect of any modification referred to in paragraph 2.8, being the additional reasonable costs (if any) to Network Rail in respect of its obligation to maintain and operate the Network, but excluding:

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

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Incremental Cap has the meaning assigned to such term in Section 2.21(a).

  • SPS Valuation Date means the SPS Redemption Valuation Date or the Strike Date, as applicable.

  • Company Valuation means $135,000,000.

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

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Commitment shall have the meaning set forth in Section 2.23.

  • ST Valuation Date means the Redemption Valuation Date.

  • Total Incremental Term Loan Commitment means the sum of the Incremental Term Loan Commitments of any Class of Incremental Term Loans of all the Lenders providing such Class of Incremental Term Loans.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • FX Valuation Date means the FX Calculation Date immediately following the respective Valuation Date.