Property tax value definition

Property tax value means the value determined pursuant to item (7) when the application of the limit imposed pursuant to Section 12‑37‑3140(B) results in an amount less than fair market value. For all purposes of property tax, property tax value is deemed fair market value when it is less than fair market value.
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Property tax value means fair market value as it may be adjusted downward to reflect the limit imposed pursuant to Section 12-37-3140(B).
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Property tax value means the fair market value as it may be adjusted downward to reflect the limit, imposed pursuant to Code Section 12-37-3140(B), on increases in value resulting from a periodic reappraisal pursuant to Code Section 12-43-217.
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Examples of Property tax value in a sentence

  • Manager Alles concurred.• Property tax value certification – asked for an update on the initial increment for the Railroad District and move forward with the appointment of the TIF Advisory Committee.

  • Property tax valueInsurancevalue Book value Property tax value, insurance value and book value of buildings and sites: ..........

  • In 2004, Mr. Surendra Keshar Amayta, Dr. Bihari Binal Pokharel published a book entitled "Taxation in Nepal (income tax, Property tax value added Tax") This book has exclusively been designed for the subject taxation in Nepal" as per the syllabus prescribed by the faculty of management, Tribhuvan university for 3rd year of bachelor ofbusiness studies (BBS).

Related to Property tax value

  • Property tax increment means the amount obtained by:

  • Real Property Tax As used herein, the term "real property tax" shall include any form of real estate tax or assessment, general, special, ordinary or extraordinary, and any license fee, commercial rental tax, improvement bond or bonds, levy or tax (other than inheritance, personal income or estate taxes) imposed on the Premises by any authority having the direct or indirect power to tax, including any city, state or federal government, or any school, agricultural, sanitary, fire, street, drainage or other improvement district thereof, as against any legal or equitable interest of Lessor in the Premises or in the real property of which the Premises are a part, as against Lessor's right to rent or other income therefrom, and as against Lessor's business of leasing the Premises. The term "real property tax" shall also include any tax, fee, levy, assessment or charge (i) in substitution of, partially or totally, any tax, fee, levy, assessment or charge hereinabove included within the definition of "real property tax," or (ii) the nature of which was hereinbefore included within the definition of "real property tax," or (iii) which is imposed for a service or right not charged prior to June 1, 1978, or, if previously charged, has been increased since June 1, 1978, or (iv) which is imposed as a result of a transfer, either partial or total, of Lessor's interest in the Premises or which is added to a tax or charge hereinbefore included within the definition of real property tax by reason of such transfer, or (v) which is imposed by reason of this transaction, any modifications or changes hereto, or any transfers hereof.

  • 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

  • Assessed value means 1 of the following:

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Land Value means, at any time:-