Revaluation means the occurrence of any event described in clause (x), (y) or (z) of Section 3.5(b) hereof in which the book basis of Property is adjusted to its Fair Value.
Revaluation has the meaning set out in Section 4.3(c);
Revaluation means the act of re-estimating the worth of real estate of the entire municipality using standard appraisal methods, calibration of the CAMA tables and models, establishment of a new base year with a USPAP compliant report, and providing for statistical testing whether by either:
Examples of Revaluation in a sentence
The Lessor shall initiate the revaluation process prior to each Revaluation Date.
Beginning on each Revaluation Date, Tenant shall pay Ground Rent for the subsequent three-year period in an amount equal to (1) the amount determined by dividing the sum of all Ground Rent and Percentage Rent (defined below) incurred during the preceding three-year period by 36 and multiplying the result by 0.65, or (2) the Ground Rent in effect during the preceding three-year period, whichever is greater.
Ground Rent will be adjusted every three years on the anniversary of the Effective Date (each such date, a “Revaluation Date”); provided, however, the first Revaluation Date will be April 1, 2029.
More Definitions of Revaluation
Revaluation means the mass appraisal of property to determine the true and actual value of all real property in a town for assessment purposes in accordance with section 12-62 of the Connecticut General Statutes;
Revaluation. The adjustment to the Book Value of Company Property as provided in Article 4.9 of this Agreement.
Revaluation has the meaning set forth in Section 5.01(c).
Revaluation means any adjustment to the value of property of the Company in accordance with Treasury Regulation sections 1.704-1(b)(2)(iv)(f), (g), and (s).
Revaluation means the analysis of market data, including an analysis of previous sales and a consideration of shifts in market conditions, to update real property values en masse or at the individual level to market value; and
Revaluation means the occurrence of any event described in clause (x), (y) or z) of Section 3.3 of this Agreement in which the book basis of property of the Company is adjusted to its fair market value.