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.

Incremental Valuation means, with respect to the Property, the amount of assessed valuation, if any, which exceeds the Base 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. Total Valuation ("TV"). The full and fair cash valuation of the Project Property as determined by the Town's Assessor and certified by the Massachusetts Department of Revenue in any given fiscal year pursuant to X.X. x. 59. 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: Fiscal Year Estimated PT Estimated TLT Estimated TT 1 (Commencement Year) $100,000 $7,392 $107,392 2 $200,000 $24,245 $224,245 3 $569,680 $155,320 $725,000 4 $590,797 $159,203 $750,000 5 $586,817 $163,183 $750,000 6 $607,738 $167,262 $775,000 7 $1,256,097 $171,444 $1,427,541 8 $1,287,500 $175,730 $1,463,230 9 $1,319,687 $180,123 $1,499,810 10 $1,352,679 $184,626 $1,537,306 11 $1,386,496 $189,242 $1,575,738 12 $1,421,159 $193,973 $1,615,132 13 $1,456,688 $198,822 $1,655,510 14 $1,493,105 $203,793 $1,696,898 15 $1,530,432 $208,888 $1,739,320 16 $1,568,693 $214,110 $1,782,803 17 $1,607,910 $219,463 $1,827,373 18 $1,648,108 $224,949 $1,873,057 19 $1,689,311 $230,573 $1,919,884 20 $1,731,544 $236,337 $1,967,881 The above payments will ordinarily be made on a quarterly payment schedule as follows: August 1, November 1, February 1 and May 1 of each Fiscal Year. A preliminary payment will be payable in two equal installments. The first payment will be due on August 1 and the second payment will be due on November 1. The preliminary payment will be based on the prior year's net tax on the property and may not be exceeded, with limited exceptions such as additional Project Property added that year. If actual ...

Examples of Incremental Valuation in a sentence

• Ratios to 2013-14 Assessed Valuation: Total Overlapping Tax and Assessment Debt2.074%Total Direct Debt0.174%Gross Combined Total Debt3.675%Net Combined Total Debt3.670%Ratios to Redevelopment Successor Agency Incremental Valuation ($1,381,818,094): Total Overlapping Tax Increment Debt5.32%Source: California Municipal Statistics, Inc.

• 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.

• Ratios to 2013-14 Assessed Valuation:Direct Debt ($76,735,302) 0.35%Total Direct and Overlapping Tax and Assessment Debt 1.96%Gross Combined Total Debt 3.37%Net Combined Total Debt 3.37%Ratios to Redevelopment Incremental Valuation ($4,756,366,279): Total Overlapping Tax Increment Debt 4.24%CITRUS COMMUNITY COLLEGE DISTRICT District Organization The District was founded in 1961.

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

• Ratios to 2013-14 Assessed Valuation:Total Overlapping Tax and Assessment Debt 1.65%Total Direct Debt ($48,910,000) 0.54%Gross Combined Total Debt 3.01%Net Combined Total Debt 3.01% Ratios to Redevelopment Incremental Valuation ($2,108,335,265): Total Overlapping Tax Increment Debt 2.62% Source: California Municipal Statistics.Retirement Programs California Public Employees Retirement System Plan Description.

• When operating at 5 Hz, the predicted peak magnetic field is 0.75 T.

• DIRECT AND OVERLAPPING DEBT JUNE 30, 2006 City Assessed Valuation 2005-06 $ 3,934,639,927Redevelopment Agency Incremental Valuation 500,154,334Adjusted Assessed Valuation $ 3,434,485,593 Percentage Debt as of EstimatedShare of OverlappingApplicable 6/30/2006 NOTE:* Excludes tax and revenue anticipation notes, revenue, mortgage revenue and tax allocation bonds and non- bonded capital lease obligations.

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

• Water System Incremental Valuation CIP Project Description Total Costs Total Credits Net Total Cost % SDFEligible Sewer System: Future capacity related assets for the sewer system shown in Table 12 are included in the Town’s CIP.

More Definitions of Incremental Valuation

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.

Incremental Valuation means any increased valuation of the Development Property above and beyond the valuation reflected on the property tax rolls as of January 1, 2021.