Property Tax Base Amount definition

Property Tax Base Amount means the amount certified by the Larimer County Assessor as the valuation for assessment of all taxable property with the TIF Area in accordance with Section 31-25-107(9)(a)(I) of the Act. The Property Tax Base Amount and increment value shall be calculated and adjusted from time to time by the Larimer County Assessor in accordance with Section 31-25-107(9) of the Act and the rules and regulations of the Property Tax Administrator of the State of Colorado.

Property Tax Base Amount means such amount as shall be certified by the County Assessor of the County as the valuation for assessment of all taxable property within the Urban Renewal Area last certified by the County Assessor of the County prior to the adoption of the Urban Renewal Plan, as such amount may be proportionately adjusted for general reassessments in accordance with Colorado law, which as of the Closing Date is $5,184,610.00.

Property Tax Base Amount means the total valuation for assessment as certified by the County Assessor for the City of all taxable property within an Urban Renewal Plan Area as certified by the County Assessor for the City prior to the creation of such area.

Examples of Property Tax Base Amount in a sentence

• After the close of each tax year during the Lease Term, Landlord shall deliver to Tenant a written statement setting forth (1) the actual Property Taxes Allocable to the Premises for the preceding tax year, (2) the difference between the amount referred to in clause (1) and the Property Tax Base Amount and (3) the differential between the amount referred to in clause (2) and the sum of the tentative monthly payments toward such amount made by Tenant.

• In addition to the payments required by the previous subparagraphs of this paragraph, Tenant shall pay as Additional Rent to Landlord one-twelfth (1/12) of the amount, if any, by which (a) Landlord’s estimate of the Property Taxes Allocable to the Premises for the current tax year exceeds the Property Tax Base Amount.

• The Additional Rent shall equal the product of (a) Tenant’s Pro Rata Share of Operating Costs multiplied by the difference between Operating Costs minus the Operating Cost Base Amount; (b) Tenant’s Pro Rata Share of Property Taxes multiplied by the difference between Property Taxes minus the Property Tax Base Amount; and (c) Tenant’s Pro Rata Share of Insurance Costs multiplied by the difference between Insurance Costs minus the Insurance Base Amount.

• In addition to the payments required by the previous subparagraphs of this paragraph, commencing on the first anniversary of the Commencement Date, Tenant shall pay as Additional Rent to Landlord one-twelfth (1/12) of the amount, if any, by which (a) estimate of the Property Taxes Allocable to the Premises for the current Year exceeds the Property Tax Base Amount.

• In addition to the payments required by the previous subparagraphs of this paragraph, Tenant shall pay as Additional Rent to Landlord one-twelfth (1/12) of the amount, if any, by which (a) Landlord's estimate of the Property Taxes Allocable to the Premises for the current tax year exceeds the Property Tax Base Amount.

More Definitions of Property Tax Base Amount

Property Tax Base Amount means, for purposes of this Agreement, $493,440, which is the total assessed value of the Property last certified prior to the effective date of this Agreement, as reasonably determined by the Authority based upon data provided by the County Assessor. The Property Tax Base Amount and increment value shall be calculated and adjusted from time to time by the Authority in accordance with § 31-25-807(3)(e), C.R.S., and the rules and regulations of the Property Tax Administrator of the State of Colorado. The determination by the Authority of the Property Tax Base Amount and the increment value shall be conclusive absent manifest error.

Property Tax Base Amount. Property Taxes Allocable to the Premises payable for the calendar year 2011.

Property Tax Base Amount means the amount certified by the Assessor as the valuation for assessment of all taxable property within the Urban Renewal Project Area last certified by the Assessor prior to the adoption of the Urban Renewal Plan or any modification thereof; and provided, however, that in the event of a general reassessment of taxable property in the Urban Renewal Project Area, the valuation for assessment of taxable property within the Urban Renewal Project Area shall be proportionately adjusted in accordance with such general reassessment in the manner required by the Act. The Property Tax Base Amount for calendar year 2012 was $2,588,860.

Property Tax Base Amount. The Property Taxes payable for the tax year 2004 (beginning July 1, 2003 and ending June 30, 2004). If the Property Taxes for tax year 2004 are determined to be artificially low because the Project has been assessed on a basis of less than 95% occupancy, the Property Taxes for tax year 2004 will be grossed up to adjust for less than 95% occupancy. Property Taxes Allocable to the Premises: Tenant's Pro Rata Share of Property Taxes.

Property Tax Base Amount means the property tax levied on all the assessed valuation certified for the tax year in which an urban renewal plan is adopted.

Property Tax Base Amount means the assessed value of property subject to ad valorem property taxes in the Urban Renewal Area last certified prior to the effective date of the approval of the Plan. The Property Tax Base Amount and increment value shall be calculated and adjusted from time to time by the Larimer County Assessor in accordance with Section 31-25-107(9) of the Act and the rules and regulations of the Property Tax Administrator of the State of Colorado.

Property Tax Base Amount means the assessed value of property subject to ad valorem property taxes, located within the boundaries of the DDA District and in the Project Area last certified prior to the effective date of approval of the DDA Plan of Development, as reasonably determined by the City based upon data provided by the Larimer County Assessor. The Property Tax Base Amount and increment value shall be calculated and adjusted from time to time by the Larimer County Assessor in accordance with the DDA Act and the rules and regulations of the Property Tax Administrator of the State of Colorado.