Examples of Property Tax in a sentence
Franchisee agrees that it will not apply the Franchise Fee as an offset against the special franchise tax provided for in N.Y. Real Property Tax Law Section 626 for each tax period that the Franchisee receives from the LFA a written, signed confirmation that each other provider of Cable Service or cable service (as such term may be defined by other providers) in the Service Area did not use its special franchise tax offset right for such tax period.
In addition, during the term of this Agreement beginning as of the commencement of the Grant Period, APPLICANT will be eligible to receive on a yearly basis an amount equal to 100% of the ad valorem real property tax revenue increment based upon the increased value of the Property over the Base Property Tax Valuation, which is attributable solely to the Property's increase in property tax value as determined by the El Paso Central Appraisal District and collected by the COUNTY in each fiscal year.
The words “Base Property Tax Valuation” mean the valuation of the Property by the El Paso Central Appraisal District as of January 1, 2008.