Locally assessed property definition

Locally assessed property means property that is assessed by a county assessor in accordance with Chapter 2, Part 3, County Assessment.
Locally assessed property means}3)(e):
Locally assessed property means property that has its assessment determined by an official of the local jurisdiction where the property is located.

Examples of Locally assessed property in a sentence

  • In completing the designated form, the holder, possessor, or controller shall include all of the information required by the form.(Department of Local Government Finance; 50 IAC 5.1-10-4; filed Dec 15, 1993, 5:00 p.m.: 17 IR 965; reinstated by IC 6-1.1-8-44,eff Jul 1, 2003; filed Nov 2, 2020, 9:34 a.m.: 20201202-IR-050190636FRA) 50 IAC 5.1-10-5 Locally assessed property subject to capital leases; specific reporting requirementsAuthority: IC 6-1.1-8-42; IC 6-1.1-31-1Affected: IC 6-1.1-8-26 Sec.

  • Locally assessed property shall mean all property subject to an assessing authority pursuant to Iowa Code section 441.54.

  • The holder, possessor, or controller shall also disclose the locally assessed leased property on Form 1, Annual Report of Local Personal Property.(Department of Local Government Finance; 50 IAC 5.l-l0-4; filed Dec l5, l993, 5:00 p.m.: l7 IR 965; reinstated by IC 6-l.l-8-44, eff Jul l, 2003) 50 IAC 5.1-10-5 Locally assessed property subject to capital leases; specific reporting requirementsAuthority: IC 6-1.1-8-42; IC 6-1.1-31-1Affected: IC 6-1.1-8-26 Sec.

  • Locally assessed property shall include nonoperating property, owned or leased by a centrally assessed company, that does not contribute to a company's primary function.

  • Locally assessed property identified by the Department should likewise be reported to the assessor of the county in which the property is located.

  • Locally assessed property shall mean property valued by the assessor.

  • It has the financial standing and capacity to undertake the Project in accordance with the terms of this Tender Document/ ensuring Agreement.

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  • Valuation of Leased Property‌50 IAC 5.1-10-1 Valuation50 IAC 5.1-10-2 General reporting requirements50 IAC 5.1-10-3 Leased distributable property; specific reporting requirements50 IAC 5.1-10-4 Locally assessed property subject to operating leases; specific reporting requirements 50 IAC 5.1-10-5 Locally assessed property subject to capital leases; specific reporting requirements 50 IAC 5.1-10-1 Valuation‌Authority: IC 6-1.1-8-42; IC 6-1.1-31-1Affected: IC 6-1.1-8-26 Sec.

  • Locally assessed property also includes class three agricultural land (15-6-133, MCA) and class ten forest land (15-6-143, MCA) that are valued on the basis of productivity.


More Definitions of Locally assessed property

Locally assessed property means property that is assessed by a county assessor in

Related to Locally assessed property

  • Assessed Property means any Parcel within the District against which an Assessment is levied.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Public Property means any and all property owned by the City or held in the name of the City by any of the departments, commissions or agencies within the City government.

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

  • Federal property means any build- ing, land, or other real property owned, leased, or occupied by any department, agency or instrumentality of the United States (including the Depart- ment of Defense and the U.S. Postal Service), or any other instrumentality wholly owned by the United States, or by any department or agency of the District of Columbia or any territory or possession of the United States.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Individual Property means each parcel of real property, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such Property and Improvements, as more particularly described in each Mortgage and referred to therein as the “Property”.

  • New property means (i) the assessed value, after final

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II, hereof.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Agricultural property means property that is used primarily for agricultural purposes but, without derogating from Section 9 of the Act, excludes any portion thereof that is used commercially for the hospitality of guests, and excludes the use ofthe property for the purpose of eco-tourism or for the trading in or hunting of game.

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.