Nonhomestead property definition

Nonhomestead property means all property except:
Sample 1Sample 2Sample 3
Nonhomestead property means property that is not homestead
Sample 1Sample 2Sample 3

Examples of Nonhomestead property in a sentence

  • Nonhomestead property pending a sale, provided it is listed for sale at a value not less than the value determined by the county auditor as the current market value and no offer is refused that is at least ninety per cent of the value determined by the county auditor as the current market value.

  • Non-homestead property owners are 18 percent more likely to be delinquent than their homestead property owner counterparts.

  • Nonhomestead property includes commercial and industrial property, rental housing, second homes, and open land.

  • Ratify Contract Change Order No. 1 (Final) for Ironwood Avenue Street Improvements Pigeon Pass Road to Graham Street (Project No. 05-12567423); 2.

  • First, there must be a misrepresentation by the obligee, and this misrepresentation must either be fraudulent or material.

  • Nonhomestead property is all property other than a taxpayer’s principal residence or other limited types of exempt property under the Revised School Code: http://legislature.mi.gov/doc.aspx?mcl-380-1211.

  • Non-homestead property tax revenue for 2016-2017 fiscal year was $4,137,586.

  • Nonhomestead education property taxes Nonhomestead property taxes apply to all taxable real property that does not qualify as a “homestead.” This includes everything from commercial and industrial property to second homes and rental units.

  • Nonhomestead property is subject to a local school basic operating millage rate of up to 18 mills, subject to voter approval.

  • Nonhomestead Education Tax Rate to be Assessed: $1.6237 Nonhomestead property, previously called “non-residential,” is any property which is not homestead property.

Related to Nonhomestead property

  • Homestead means homestead as defined and qualified in Code Section 48-5-40 of

  • College property means any property owned, leased, or controlled by a member college of the Virginia Community College System and the administrative office of the Virginia Community College System.

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

  • Single Family Property A one-unit residential property.

  • Agricultural property means property that is used primarily for agricultural purposes but excludes any portion thereof that is used commercially for the hospitality of guests, and excludes the use of the property for the purpose of eco-tourism or for the trading hunting of game. The definition includes agricultural properties used for subsistence farming.

  • 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.

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • 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.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Residential property means improved property that:-

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

  • Agricultural land means land suitable for use in farming.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c).

  • 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.

  • 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.

  • residential land means land used or capable of being used for residential purposes (but does not include land on which there is no residential dwelling).

  • Real Property Interests means all interests in Owned Real Property and Leased Real Property, including fee estates, leaseholds and subleaseholds, purchase options, easements, licenses, rights to access, and rights of way, and all buildings and other improvements thereon and appurtenant thereto, owned or held by Sellers that are used in the business or operations of the Stations, together with any additions, substitutions and replacements thereof and thereto between the date of this Agreement and the Closing Date, but excluding the Excluded Real Property Interests.

  • Real Property means, collectively, all right, title and interest (including any leasehold estate) in and to any and all parcels of or interests in real property owned in fee or leased by any Loan Party, whether by lease, license, or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, incidental to the ownership, lease or operation thereof.

  • 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.