Property Classification definition

Property Classification means the identification of a property or a portion of a property according to its use. The various Property Classifications are set out in Ontario Regulation 282/98 under the Assessment Act, as amended.
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Property Classification means assigning a grade to the property after assessment of its Reserve Value for the purposes of assigning a Premium to the property.
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Property Classification has the meaning given to it by Framework Agreement Schedule 2 – Annex E;
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Examples of Property Classification in a sentence

  • The Seller shall include the appropriate Property Classification Code defined in paragraph (b) of this clause when establishing property records and preparing property reports for Buyer contract-accountable property.

  • Classifications were derived from parcel centroid data obtained from NYS Office of Real Property Services; using the Property Classification Codes.

  • Parcels that had a Property Classification Code between 300 and 399 were removed because they are classified as Vacant.

  • One of the three surveys was then sent to each of the selected parcels, based on the Property Classification Code for that parcel (example: parcels classified as Residential were sent a Residential survey).

  • The contractor shall include the appropriate Property Classification Code defined in paragraph (b) of this clause when establishing property records and preparing property reports for CUSTOMER contract-accountable property.

  • The Service shall be delivered in line with Appendix H - Property Classification.

  • Refer to the Business Personal Property Classification Table to determine the appropriate schedule for reporting specific items owned by your business.

  • The classifica- tion will be recorded on ENG Form 1825 (Real Property Classification), with sufficient information to justify the classification.

  • Council has chosen to define the categories of land to which each differential rate applies by reference to the Australian Valuation Property Classification Code (AVPCC) that is allocated to it in accordance with the Valuation of Land Act 1960.

  • The contractor shall include the appropriate Property Classification Code defined in paragraph (b) of this clause when establishing property records and preparing property reports for Government contract-accountable property.

Related to Property Classification

  • Job Classification means an arrangement of tasks in an establishment or industry into a limited series of jobs or occupations, rated in terms of skill, responsibility, experience, training, and similar considerations, usually for wage setting purposes. This term, or job class, refers to a single cluster of jobs of approximately equal “worth.”

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).

  • film classification body means the person or persons designated as the authority under section 4 of the Video Recordings Act 1984 (c.39) (authority to determine suitability of video works for classification).

  • S&P Industry Classification The S&P Industry Classifications set forth in Schedule 2 hereto, which industry classifications may be updated at the option of the Collateral Manager if S&P publishes revised industry classifications.

  • Classification means the identification of a position by reference to a class title and pay range number.

  • Moody’s Industry Classification means the industry classifications set forth in Schedule 4 hereto, as such industry classifications shall be updated at the option of the Servicer if Moody’s publishes revised industry classifications. The determination of which Moody’s Industry Classification to which an Obligor belongs shall be made in good faith by the Servicer.

  • International Classification means the Classification established under the Locarno Agreement Establishing an International Classification for Industrial Designs;

  • Industry Classification Group means (a) any of the classification groups set forth in Schedule 1.01(c) hereto, together with any such classification groups that may be subsequently established by Moody’s and provided by the Borrower to the Lenders, and (b) up to three additional industry group classifications established by the Borrower pursuant to Section 5.12.

  • Classifications means the classifications contained in Schedule 1 to this Agreement.

  • Appraised-Out Class As defined in Section 3.10(a) of this Agreement.

  • Property Loss Event means any loss of or damage to property of Group or any Subsidiary thereof that results in the receipt by such Person of proceeds of insurance in excess of $2,000,000 or any taking of property of Group or any Subsidiary thereof that results in the receipt by such Person of a compensation payment in respect thereof in excess of $2,000,000.

  • Has a record of such impairment means has a history of, or has been misclassified as having, a mental or physical impairment that substantially limits one or more major life activities.

  • Classification plan means the orderly arrangement of positions within an agency into separate and distinct job families so that each job family will contain those positions which involve similar or comparable skills, duties and responsibilities [74:840 1.3].

  • Approved Classification Society means, in relation to a Ship, a classification society which is a member of IACS (other than the China Classification Society and the Russian Maritime Registry of Shipping) and acceptable to the Agent;

  • Qualifying Property means a primary residence that a qualified applicant owned and occupied

  • Unencumbered Property means any one of the Unencumbered Properties.

  • Property Condition Report means a report prepared by a company satisfactory to Lender regarding the physical condition of the Property, satisfactory in form and substance to Lender in its sole discretion.

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Record of survey map means a map of a survey of land prepared in accordance with Section 10-9a-603, 17-23-17, 17-27a-603, or 57-8-13.

  • Accountant General means the officer of the National Treasury designated as the Accountant- General;

  • Unencumbered Properties means each Acceptable Property that either (a) is an Initial Unencumbered Property or (b) becomes an Unencumbered Property pursuant to Section 4.03, and “Unencumbered Property” means any one of the Unencumbered Properties.

  • Property Notice means any order, notice, proposal, demand or other requirement issued by any competent authority (including the Landlord) which materially affects the Academy Trust’s ability to use the Land for the purposes of the Academy.

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Applicant’s Qualified Property means the Qualified Property of the Applicant to which the value limitation identified in the Agreement will apply and as more fully described in EXHIBIT 4 of this Agreement.

  • Classification Seniority means the length of service in the classification, calculated from the date the employee enters the classification.