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 “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.
Examples of Property Tax Revenue in a sentence
Property Tax Revenue Recognition Property taxes become a lien against all property November 1st.
Property Tax Revenue RecognitionProperty taxes become a lien against all property November 1st.
Consistent with the requirements of GASB Interpretation No. 5, Property Tax Revenue Recognition in Governmental Funds, collections received July 1 through August 31 that were due but unpaid at June 30 are accrued.
Property Tax Revenue: In accordance with state law, a municipality may only levy a property tax to retire general obligation debt approved by the voters and to pay judgments rendered against the City.
Property Tax Revenue – The Department receives an apportionment of Ad Valorem tax collected by the County, which acts as a collecting agent for many other governmental entities.
More Definitions of Property Tax Revenue
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.
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, 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 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.
Property Tax Revenue means the amount of revenue attributable to the Annexing Territories calculated by multiplying the total tax rate in effect in the tax rate area(s) of the Annexing Territories (exclusive of voter approved tax rates for the redemption of bonds) times the taxable assessed valuation of all property, both real and personal, of the Annexing Territories as shown on all assessment rolls of the County of Mendocino and the State of California, but excluding the funds transferred from the Education Revenue Augmentation Fund to the CITY or the COUNTY to compensate them for the transfer of .25% of Sales Tax Revenue shifted to the State of California pursuant to Revenue and Taxation Code Section 97.68 .. The Property Tax Revenues for any specified agency are calculated by multiplying Property Tax Revenues attributable to the Annexing Territories times the percentage of total estimated property taxes without delinquencies shown to be distributable to that agency for the Tax Rate Area Code in which the Annexing Territories are located as shown on the distribution spreadsheet prepared by the County Auditor-Controller.