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 Lot Type, the amount shown on Exhibit H.

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.

• 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.

• 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.

• In no event shall the annual assessment, exclusive of optional user fees and insurance premiums paid by the Association, exceed the Maximum Assessment.

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 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.

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 (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

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 Lot Type 1, $21,860.76; and for Lot Type 2, $28,202.71, as reduced annually by the principal portion of the Annual Installment and as shown on Exhibit H.

Maximum Assessment means assessment when calculated under Section V, generates greater than $25,000 per Development Project or Parcel, will be capped at $25,000 assessment, and will not owe for the remaining. The Assessment Roll attached at Exhibit D-1 and Exhibit D-2 for Improvement Area #1 and Improvement Area #2, respectively with depictions of Maximum Assessment.