Property Tax definition

Property Tax means the general property tax due and paid as set

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Property Tax means any Tax resulting from and relating to the assessment of real or personal property by any Governmental Authority.

Property Tax means all real property Taxes, personal property Taxes and similar ad valorem Taxes.

Examples of Property Tax in a sentence

• The County recognizes and agrees that in reliance on this Agreement and in accordance with the provisions of §31-25-109(12) of the Act, the adoption and approval of the Plan includes an irrevocable pledge of all of the Property Tax Increment Revenues, including the County Property Tax Increment, to pay the Authority’s Bonds and other financial obligations in connection with the Urban Renewal Project.

• The District shall authorize the remittance to the Agency, beginning with property tax receipts in Year One, and continuing through Year Ten, or until a cap of $957,957, whichever comes first, 50% of the annual Property Tax Increment generated from within the Project Area, including the real (e.g., buildings, land, and fixtures), personal, and centrally assessed property within the Project Area.

• If the County’s eligible electors approve a new or increased mill levy for any lawful purpose (“Future Mill Levy”), any revenue derived from the Future Mill Levy shall not be considered part of the County Property Tax Increment.

• Base Property Tax Revenue means Property Tax Revenue allocated by tax 15 rate equivalents to all taxing jurisdictions as to the geographic area comprising a 16 given tax rate area annexed in the fiscal year immediately preceding the tax year 17 in which property tax revenues are apportioned pursuant to this Agreement, 18 including the amount of State reimbursement for the homeowners' exemption.

• From the date of such notice until the Duration has expired, the Authority shall annually deduct from the Property Tax Increment Revenue it receives any revenues attributable to the Future Mill Levy, as applicable, and shall remit such revenues to the County.

More Definitions of Property Tax

Property Tax means payments to a municipality based upon an

Property Tax means any and all ad valorem property taxes levied, charged or assessed against real property located in the District by the City, or on its behalf.

Property Tax means the general property tax due and paid as set forth in this section, and shall include the amount of property tax credit as defined in section 1 of P.L.2018, c.11 (C.54:4-66.6), on a homestead, but does not include special assessments and interest and penalties for delinquent taxes. For the sole purpose of qualifying for a benefit under P.L.1997, c.348 (C.54:4-8.67 et seq.), property taxes paid by June 1 of the year following the year for which the benefit is claimed will be deemed to be timely paid.

Property Tax means any real, personal and intangible ad valorem property Tax imposed by any Tax Authority, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

Property Tax means any ad valorem, property (real, personal or mixed) or similar tax.

Property Tax means each levy on an ad valorem basis on tangible or intangible personal or real property.

Property Tax means every kind of tax, rate, duty, levy, charge, imposition, assessment and fee, general or special, on the property or any part of it or in respect of the property or any part of it, whether it is in favour of a federal, provincial or other government, a municipality, a church authority, or any other governmental body, and whether it is of a kind that exists when the mortgage is given or comes into existence after then. It does not include a tax on us in respect of our overall net income or gains or a tax in respect of a transfer by us of our interest in the mortgage or of the payment obligations.