Levy rate definition

Levy rate means the dollar amount per thousand dollars of assessed value applied to taxable property within a taxing district and is calculated by dividing the total amount of a statutorily authorized levy of a taxing district by the total assessed value of that district and is expressed in dollars and cents per thousand dollars of assessed value.
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Levy rate means the relevant % rate used to calculate the amount of BID Levy payable, as detailed in clause 5 of this Agreement. "Liability Order" - has the meaning given in the Regulations. "Regulations" - means the Business Improvement Districts (England) Regulations 2004 and amendment, extension or re-enactment (including any subordinate legislation) to such regulations from time to time“ "Section 151 Officer" - is the Council's executive director of corporate services, appointed under Section 151 of the Local Government Xxx 0000.
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Levy rate means the dollar amount per thousand dollars of assessed value applied to taxable property within a taxing district and is calculated by dividing the total amount of a statutorily au-
Sample 1

Examples of Levy rate in a sentence

  • Subsequently the Finance (No.2) Act 2015, which was enacted on 18 November 2015, reduced the Bank Levy rate from 0.21 per cent.

  • Council has delegated authority to the Executive Director of City Planning and Development to determine which Capital Projects are included in the Servicing Agreement Fee / Development Levy rate.

  • Use this value as the ‘Opening Balance’ for the Servicing Agreement Fee / Development Levy rate calculation.

  • If one, or more, Tariff authorities combine with a Top Up authority the net result is that a lower Levy rate results and so a greater share of any growth in Business Rates will be retained locally.

  • Levy rate sheets are prepared for your convenience and may be obtained in the Assessor’s Office.

  • Levy rate changes require public education regarding the District’s financial position and challenges.

  • Any Grower who is not a Member shall be entitled to attend the AGM and shall have speaking rights but no voting rights on the Levy rate and the spending of Levy funds.

  • The State Levy rate is 2% or such other rate as advised from time to time by the State’s Principal Contract Administrator.

  • AHDB R & D Levy: The Levy rate set for the Crop Year to which this contract applies shall be deducted by the company from the proceeds due to the member and paid to the AHDB.

  • Subsequently the Finance (No. 2) Act 2015, which was substantively enacted on 26 October 2015, reduces the UK Bank Levy rate from 0.21 per cent.


More Definitions of Levy rate

Levy rate means a percentage to be charged against each Levy Sale which percentage will be determined by WeBill from time to time and published as per clause 8.
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Related to Levy rate

  • Recovery Rate means, in relation to any UK Four institution the percentage of the original face value of senior unsecured debt obligations of the affected UK Four institution, as derived by the Calculation Agent from either the ISDA Auction Final Price or the Market Value.

  • CDOR Rate is defined in the definition of “Eurocurrency Rate” herein.

  • Treasury Rate means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.

  • Penalty Rate means the Stated Rate plus two percent (2.00%) per annum of the Liquidation Price of each share of Series A Preferred Stock.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Adjusted LIBOR Rate means, at any time with respect to any LIBOR Loan, a rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time.

  • Reference Rate means the rate specified as such hereon.

  • Eurodollar Rate with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): Eurodollar Base Rate

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.