Maximum Assessment definition

Maximum Assessment means, for each Residential Lot, $19,139.78, which amount shall be reduced annually based on the principal paid as part of the Annual Installment.

Maximum Assessment means, for each Lot within Improvement Area #1 and Improvement Area #2, the amount shown for each Lot Type on Exhibit M. The Maximum Assessment shall be reduced annually by the principal portion of the Annual Installment.

Maximum Assessment means, for each Residential Lot, as shown in Exhibit H attached hereto, which amount shall be reduced annually based on the principal paid as part of the Annual Installment.

Examples of Maximum Assessment in a sentence

• The Maximum Assessment is adjusted annually and is calculated independent of the District’s annual budget and proposed annual assessment.

• If the budget and assessments calculated requires an increase greater than the adjusted Maximum Assessment, then the assessment is considered an increased assessment and would be subject to Proposition 218 balloting.

• For parameters with Daily Maximum Limits or Daily Maximum Assessment Levels in this permit, the permittee shall review the results of all samples collected during the reporting period and report as outlined in Table 5.

• The Maximum Assessment calculated each year does not require or facilitate an increase to the annual assessment and neither does it restrict assessments to the adjustment maximum amount.

• If the budget and assessments calculated at that time requires an increase greater than the adjusted Maximum Assessment, then the assessment is considered an increased assessment and would be subject to Proposition 218 balloting.

More Definitions of Maximum Assessment

Maximum Assessment means, for each Lot Type, an amount that will not exceed the amounts shown as the Maximum Assessment by Lot Type on Exhibit H. In the event any final plat creates a new Lot Type that differs from what is shown on Exhibit H, this Service and Assessment Plan will be updated to reflect the new Lot Type, and the Maximum Assessment for the new Lot Type created by the final plat shall be an amount that is calculated by the Administrator and approved by the City, based on the desire to maintain a competitive, equivalent tax rate of the Annual Installments.

Maximum Assessment means for each Lot Type, the amount shown on Exhibit H.

Maximum Assessment means $23,220 for a 60 foot lot and $21,500 for a 50 foot lot, as described further in Section 4.2.

Maximum Assessment means, for each Lot, an Assessment equal to the lesser of (1) the amount calculated pursuant to Section VI.A, or (2) the amount shown on Exhibit G. Pursuant to the Development Agreement, the maximum assessment levied to pay Actual Costs of the Authorized Improvements may not exceed an equivalent tax rate of $0.69 per $100 assessed valuation.

Maximum Assessment means, for each lot classification identified in the Service and Assessment Plan (SAP), an assessment equal to an amount that produces an average annual installment (inclusive of principal, interest, and administrative expenses) resulting in the Maximum Equivalent Tax Rate. The Maximum Assessment shall only be calculated upon (i) for a parcel being created by a subdivision plat, at the time of the filing of a subdivision plat, and (ii) for parcels whose assessments are securing a series of PID Bonds, at the time such PID Bonds are issued.

Maximum Assessment means $26,820.50 per residential dwelling unit, which is the total amount to be paid over thirty years per residential dwelling unit.

Maximum Assessment means (1) for each Lot designated as Lot Type 1 or Lot Type 2, an amount that will not exceed the amount shown on Exhibit N. In the event a final plat creates a new Lot Type that differs from what is shown on Exhibit N, this Service and Assessment Plan will be updated to reflect the new Lot Type, and the Maximum Assessment for the new Lot Type created by the revised plat shall be the highest practical amount that results in a total tax rate of