Property taxes payable definition

Property taxes payable means the property tax exclusive of special assessments,

Property taxes payable means the property tax exclusive of special assessments, penalties, and interest payable on a claimant's homestead after deductions made under sections273.135, 273.1384, 273.1391, 273.42, subdivision 2, and any other state paid property tax credits in any calendar year, and after any refund claimed and allowable under section 290A.04, subdivision 2h, that is first payable in the year that the property tax is payable. In the case of a claimant who makes ground lease payments, "property taxes payable" includes the amount of the payments directly attributable to the property taxes assessed against the parcel on which the house is located. No apportionment or reduction of the "property taxes payable" shall be required for the use of a portion of the claimant's homestead for a business purpose if the claimant does not deduct any business depreciation expenses for the use of a portion of the homestead in the determination of federal adjusted gross income. For homesteads which are manufactured homes as defined in section 273.125, subdivision 8, and for homesteads which are park trailers taxed as manufactured homes under section 168.012, subdivision 9, "property taxes payable" shall also include deleted text begin19deleted text endnew text begin 15new text end percent of the gross rent paid in the preceding year for the site on which the homestead is located. When a homestead is owned by two or more persons as joint tenants or tenants in common, such tenants shall determine between them which tenant may claim the property taxes payable on the homestead. If they are unable to agree, the matter shall be referred to the commissioner of revenue whose decision shall be final. Property taxes are considered payable in the year prescribed by law for payment of the taxes.

Property taxes payable means the amount of property taxes payable, as defined in

Examples of Property taxes payable in a sentence

• Personal Property taxes payable by Tenant under Section 4.02 above for the year in which the conveyance of such personal property occurs shall be pro-rated between Landlord and Tenant based on the tax xxxx for the applicable calendar year.

• Property taxes payable as at March 31, 2018 of $16,275,960 (2017 – $7,713,000) includes property taxes of $14,469,000(2017 – $7,245,000) and accrued interest of $1,806,960 (2017 – $468,000).Property taxes for Bloom Lake of $9,024,000 (2017 – $8,890,930) are reflected in care and maintenance costs of Bloom Lake within the consolidated statement of loss and comprehensive loss.

• Effective date : Property taxes payable in 20102Income tax subtraction.

• Property taxes payable in the current year will be pro-rated through the date of closing.

• Property taxes payable on the annexed land shall continue to be paid to the Township for the year in which the annexation becomes effective.

• Personal Property taxes payable by Tenant under Section 4.02 above for the year in which the conveyance of such personal property occurs shall be pro-rated between Landlord and Tenant based on the tax xxxx for calendar year 2012.

• NOSM faculty members may be involved in the academic activities of a university department or school through a cross appointment.

• Property taxes payable pursuant to this Article 14 shall be prorated for any partial tax year.

• A summary of the Company's Accounts Payable and Accrued Expenses is as follows: September 30, Property taxes payable..................................................

• Property taxes payable by Sheboygan County are calculated based on the ratio of subject site area to total area of the larger parcel as noted in the lease.

More Definitions of Property taxes payable

Property taxes payable means initial property taxes payable minus

Property taxes payable means the net property taxes payable on the qualified homestead excluding special assessments, interest, and penalties, and before any refund under chapter 290A.

Property taxes payable means the property tax exclusive of special assessments, penalties, and interest payable on a claimant's homestead in any calendar year. In the case of a claimant who makes ground lease payments, "property taxes payable" includes the amount of the payments directly attributable to the property taxes assessed against the parcel on which the house is located. No apportionment or reduction of the "property taxes payable" shall be required for the use of a portion of the claimant's homestead for a business purpose if the claimant does not deduct any business depreciation expenses for the use of a portion of the homestead in the determination of federal adjusted gross income. The amount attributable to property taxes shall be determined by multiplying the net tax on the parcel by a fraction, the numerator of which is the gross rent paid for the calendar year for the site and the denominator of which is the gross rent paid for the calendar year for the parcel. When a homestead is owned by two or more persons as joint tenants or tenants in common, such tenants shall determine between them which tenant may claim the property taxes payable on the homestead. If they are unable to agree, the matter shall be referred to the comptroller whose decision shall be final. Property taxes are considered payable in the year prescribed by law for payment of the taxes.