Property Tax Revenue means “ad valorem real property taxes on real property” as said term is used in Section 1 of Article 13A of the California Constitution and more particularly in subsection (c) of Section 95 of the California Revenue and Taxation Code, and includes both the base (total amount of property tax revenue based upon the AB-8 gross levy for the fiscal year) and the Incremental (amount of property tax revenue attributable to the annual tax increment change in assessed valuation in each fiscal year) property tax revenues as more particularly defined in Section 75 of the California Revenue and Taxation Code.
Property Tax Revenue means revenue from “ad valorem real property taxes on real property”, as said term is used in Section 1 of Article 13A of the California Constitution and more particularly defined in subsection (c) of Section 95 of the California Revenue and Taxation Code, that is collected from within the Annexation Area, is available for allocation to the City and the County, and is currently allocated to the County General Fund, County Library Fund, Natomas Fire Protection District, and County Road Fund.
Property Tax Revenue means tax revenue derived from the receipt of all regular property taxes levied on the state land improvement financing area and used for state land improvement financing.
Examples of Property Tax Revenue in a sentence
All Property Tax Revenue allocated to other Special Districts and entities shall remain unchanged unless otherwise agreed between City and said entity.
With respect to the Annexation Area only, this Agreement supersedes any and all previous negotiations, proposals, commitments, writings, and understandings between the City and the County with respect to the sharing of Property Tax Revenue for the Annexation Area.
The general purpose of this Agreement is to devise an equitable exchange of Property Tax Revenue between the City and the County on and after the Annexation Date as required by Government Code section 56815(b) and Revenue and Taxation Code section 99.
More Definitions of Property Tax Revenue
Property Tax Revenue means the amount of revenue generated by an agency from the property within the agency using the current taxable value of the property and the agency's certified tax rate.
Property Tax Revenue means tax revenue derived from the
Property Tax Revenue means the revenue from ad valorem taxes on real property within the meaning of California Constitution article XIIIA, section 1 and Revenue and Taxation Code section 95(c) that is levied and collected from within the Annexation Area.
Property Tax Revenue means, for each Fiscal Year, that portion of ad valorem property taxes produced by the levy at the rates fixed each year by or for the governing bodies of the various taxing jurisdictions within or overlapping the Urban Renewal Area upon that portion of the valuation for assessment of all taxable property within the Urban Renewal Area; provided, however, that such revenue shall be reduced by any lawful collection fee charged by the County; and provided further, however, that in the event of a general reassessment of taxable property in the Urban Renewal Area, the valuation for assessment of taxable property within the Urban Renewal Area shall be proportionately adjusted in accordance with such general reassessment.
Property Tax Revenue means revenue from “ad valorem real property taxes on real property”, as said term is used in Section 1 of Article XIIIA of the California Constitution and more particularly defined in subsection (c) of Section 95 of the California Revenue and Taxation Code, that is collected from within the Annexation Area, is available for allocation to the City and the County, and is currently allocated to the County Library Fund, County Road, County General Fund, Natomas Fire Protection District, and Rio Xxxxx-Xxxxxxx Recreation and Park District.
Property Tax Revenue means all revenue from “ad valorem real property taxes on real property,” as that term is used in Section 1 of Article XIII.A of the California Constitution and as more particularly defined in Revenue and Taxation Code § 95(c), that is collected from within the Annexation Area and available for allocation to the City and County. Property Tax Revenue shall be allocated as set forth in Section 4, below.
Property Tax Revenue means base property tax revenue, plus the property tax increment for a given tax rate area.