Land taxes definition
Land taxes means taxes on real property or real estate and shall include the
Land taxes means taxes on real property or real estate and shall include the taxes both on land and the improvements thereon;
Land taxes means the amount of taxes assessed on the value of the Land upon which the Project is located. Land Tax Payments – shall mean payments made on the quarterly due dates for Land Taxes as determined by the Tax Assessor and the Tax Collector. Material Conditions – shall be as defined in Section 4.05 herein. Minimum Annual Service Charge – shall be the amount of the total taxes levied against the Property in the last full tax year in which the Property was subject to taxation.
Examples of Land taxes in a sentence
No credit will be applied against the Annual Service Charge for partial payments of Land taxes.
The Optionee will assume and pay all Land taxes, rates, local improvement assessments, and other charges from, and including the date set for adjustments, and all adjustments both incoming and outgoing of whatsoever nature will be made as of the Closing Date.
At the option of the Municipality the adjustment for Required Land taxes may be estimated or, alternatively, the statement of adjustments may simply say Required Land taxes to be readjusted, if necessary.
More Definitions of Land taxes
Land taxes means the amount of real estate taxes assessed on the value of Land. Material Conditions – shall be as defined in Section 4.04 herein.
Land taxes means taxes on real
Land taxes means all Taxes assessed against the land constituting the Site, against those improvements to the land which are part of the Common Areas of the Site, and against the signs, if any on the Site, but the Land Tax shall not include any Taxes assessed against any buildings at the Project.
Land taxes means the real estate taxes and other taxes, levies and assessments imposed upon the Land, and upon any personal property of Landlord used in connection with the Land, or on Landlord's interest in the Land or such personal property (provided that to the extent such taxes, levies, and assessments are also allocable to property other than the Land, such amounts shall be equitably allocated among all real estate which is so jointly assessed); governmental charges, fees and assessments for transit, housing, police, fire or other governmental services or purported benefits to the Land; governmental service or user payments in lieu of taxes; and any and all other taxes, levies, betterments, assessments and charges arising from the ownership, leasing, operating, or use of the Land or based upon rentals derived therefrom, which are or shall be imposed by federal, state, county, municipal or other governmental authorities. The definition of Land Taxes is subject to the provisions of Article 9.1(d4).
Land taxes means the total of all real estate and other taxes and special, general, extraordinary or other assessments, sewer rents, water charges, occupancy taxes, school taxes, and other taxes or charges of any kind or nature levied, assessed, imposed or attributable at any time by any governmental authority (including without limitation any town, city, district, county, village, school district or public transportation authority) upon or against the Land, and also any tax, assessment, or charge, levied, assessed or imposed at any time by any governmental authority in connection with the receipt of income or rents from the Land to the extent that same shall be in lieu of all or a portion of any of the aforesaid taxes, assessments or charges, or additions or increases thereof. If, due to a future change in the method of taxation or in the taxing authority, or for any other reason, a franchise, income, transit, profit or other tax or governmental imposition, however designated, shall be levied against Landlord in substitution in whole or in part for the Land Taxes, then such franchise, income, transit, profit or other tax or governmental imposition shall be deemed to be included within the definition of "LAND TAXES" for the purposes hereof. The term "Land Taxes" shall not be deemed to include (i) gift or inheritance taxes, (ii) corporate franchise taxes or similar business taxes imposed on noncorporate business entities, (iii) realty transfer taxes or real property transfer gains taxes imposed in connection with the sale of or the lease of all or substantially all of the Land or the A/B Building, Building C or Building D (as designated on EXHIBIT A), (iv) mortgage recording taxes or (v) income taxes, except with respect to any such taxes assessed or imposed in lieu of real estate taxes or any portion thereof. As to special assessments which are payable over a period of time extending beyond the term 10 of this Lease, only a pro rata portion thereof, covering the portion of the term of this Lease unexpired at the time of the imposition of such assessment, shall be included in Land Taxes. If, by law, any assessment shall be payable in installments, then, for the purposes hereof (i) such assessment shall be deemed to have been payable in the maximum number of installments permitted by law and (ii) there shall be included in Land Taxes, for each Tax Year in which such installments may be paid, the installments of such assessment so becoming payable during such Tax Year, ...
Land taxes means the amount of real estate taxes levied on the Property, exclusive of any Improvements related thereto.
Land taxes payable under the terms of the Tax Agreement to the extent they are credited against the "Annual Service Charge" (as such terms are defined in the Tax Agreement), or (z) any similar taxes, imposed on Landlord, unless such taxes are levied, assessed or imposed in lieu of or as a substitute for the whole or any part of the taxes, assessments, levies or impositions which now constitute Taxes. Further, notwithstanding anything to the contrary contained herein, Landlord hereby agrees that, in the event that as a result of any act or omission of Landlord and/or NOC III Urban Renewal, the Tax Agreement is amended, modified, terminated or is not put into complete effect, then, from and after the first day of the month following the issuance of a Certificate of Occupancy for the Building and until the end of the period described in Article III of the Tax Agreement, Taxes shall be computed as if (x) the Building were exempt from taxation, and (y) the Annual Service Charge were in effect, computed in accordance with the Tax Agreement. Further, if the City of New Jersey wilfully defaults under or breaches the terms of the Tax Agreement, Landlord agrees to use commercially reasonable efforts to enforce its rights thereunder.