Property Tax Increment Revenue definition

Property Tax Increment Revenue means the annual ad valorem property tax revenue received from the Weld County Treasurer for the Property in excess of the amount produced by the levy of those taxing bodies that levy property taxes against the Property Tax Base Amount in accordance with the Act and the regulations of the Property Tax Administrator of the State of Colorado, and credited to the Special Fund, but not including, (a) the O&M Mill Levy, (b) any offsets collected by the Weld County Treasurer for return of overpayments or any reserve funds retained by the City or the Authority for such purposes in accordance with the Act, (c) any collection fees lawfully retained or payable to the City or Weld County for services rendered in connection with the collection of such ad valorem taxes, and (d) the Accumulated Tax Increments.
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Property Tax Increment Revenue shall have the meaning assigned to such term in Exhibit F to this Agreement.
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Property Tax Increment Revenue means all of the tax increment revenue described in §31-25-107(9)(a)(II) of the Act allocated to the Special Fund for the Duration of the Urban Renewal Project.
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Examples of Property Tax Increment Revenue in a sentence

  • Brendan is also a member of the Investment Committee of CIMB Trust Cap Advisors.As at the date of this report, he holds 60,000 GPT stapled securities.Eileen DoyleEileen was appointed to the Board on 1 March 2010.

  • Notwithstanding expiration of the time or times that the Pledged Property Tax Increment Revenue may be collected pursuant to the Act, the District agrees that the full amount of the District Debt Service Mill Levy shall at all times remain pledged to the payment of any outstanding Bonds to the extent required by the District Bond Documents or to the payment of any outstanding District Bonds to the extent required by the District Bond Documents.

  • State Property Tax Increment Revenue generated from IFDs on Port property, to be pursued through legislation at the State level.

  • The Bond and the payment of principal and interest thereon shall be special obligations of the TIDD and shall be payable and collectible solely from the Village Gross Receipts Tax Increment Revenue, Village Property Tax Increment Revenue, County Property Tax Increment Revenue and State Gross Receipts Tax Increment Revenue, which revenue will be pledged (collectively, the “Pledged Revenues”).

  • Local Property Tax Increment Revenue generated from Infrastructure Finance Districts over development areas on Port property.

  • The owner of the Bond shall have no recourse to the taxing power of the Village or to any Village property, funds or resources, other than the Village Gross Receipts Tax Increment Revenue and the Village Property Tax Increment Revenue dedicated to the TIDD.

  • When San Francisco’s Seawall Finance Work Group identified strategies for funding the $5- billion project, it listed two state sources among primary recommendations, both of which would require state legislation: State Property Tax Increment Revenue generated from Infrastructure Finance Districts on Port of San Francisco property and a State Resilience General Obligation Bond.

  • The estimated annual Property Tax Increment Revenue to be generated by the Urban Renewal Project for the Duration of the Urban Renewal Project and the portion of such Property Tax Increment Revenue to be allocated to fund the Urban Renewal Project are set forth in this Agreement and the Impact Report.

  • The LRC issued its Property Tax Increment Revenue Bonds (DELO Project), Series 2014 on October 23, 2014, in the principal amount of $4,500,000 (the “2014 Bonds”) and pledged the Property Tax TIF revenue from the Core Project Area (as defined in the 2014 Bond Resolution authorizing the 2014 Bonds) to the payment of the 2014 Bonds on a basis that was subordinate to the payments required under the Tri-Party Agreement and the 2011 Cooperation Agreement (replaced by the 2015 Cooperation Agreement).

  • The Owners of the Bonds shall have no recourse to the taxing power of the Village or to any Village property, funds or resources, other than the Village Gross Receipts Tax Increment Revenue and the Village Property Tax Increment Revenue dedicated to the District.

Related to Property Tax Increment Revenue

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • Tax Increment means the difference between:

  • Tax Increment District or "district" means that area to which the tax increment finance plan pertains.

  • Recovered tax increment value means, except as otherwise

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Real Property Taxes shall also include any tax, fee, levy, assessment or charge, or any increase therein, imposed by reason of events occurring during the term of this Lease, including but not limited to, a change in the ownership of the Premises.

  • Incremental Operating Costs means the incremental expenses incurred by the Recipient’s implementing agencies on account of Project implementation, management, and monitoring, including office space rental, utilities, and supplies, bank charges, communications, advertising, vehicle operation, maintenance, and insurance, building and equipment maintenance costs, travel and supervision costs, and salaries of supporting staff, but excluding salaries of officials of the Recipient’s civil service.