Rollback taxes definition

Rollback taxes means the amount of back tax differential payable under the provisions of § 67-5- 04.
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Rollback taxes. Shall have the meaning given in Section 12 herein.
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Rollback taxes shall have the meaning given to such term in SECTION 8L(ii).
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Examples of Rollback taxes in a sentence

  • Rollback taxes, if any, as a result of a change in use by Xxxxx, will be the responsibility of the Buyer.

  • Rollback taxes, if any, will be the responsibility of the Purchaser.

  • Rollback taxes, if any, as a result of a change in use by Purchaser, will be the responsibility of the Purchaser.

  • Rollback taxes are due when farm assessed property has a change in use.

  • Rollback taxes, if any, shall be the responsibility of the Seller.

  • Parcel 58-365-124 for Maurey Family Trust for Roll-back taxes in the amount of $1,325.38.Parcel 60-387-161 for James & Edna Bell of appeal fee in the amount of $15.00.

  • Any Rollback taxes imposed on this transaction will be paid by Buyer.

  • Rollback taxes and disclosure statement that accumulates in mind with purchasing this terminology executory v executed.

  • Roll-back taxes are equal to taxes that would have been paid on the land at fair market value (less taxes actually paid) for the current and two previous tax years.

  • In this case the first-order condition (FOC) for her optimal consumption decision is given by v′(xP ) = c + p + β.


More Definitions of Rollback taxes

Rollback taxes means any and all ad valorem property Taxes or the equivalent in the jurisdiction where the Transferred Real Property is located, resulting from any action of Purchaser that changes the use of the Transferred Real Property. For the avoidance of doubt, the term “Rollback Taxes” shall not include any ad valorem property Taxes or the equivalent in the jurisdiction where the Transferred Real Property is located that were previously paid or accrued by the Seller or any member of the Seller Group.
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Rollback taxes. If Seller changes the use of the Property before closing or if a denial of a special valuation on the Property claimed by Seller results in the assessment of additional taxes, penalties, or interest (assessments) for periods before closing, the assessments will be the obligation of Seller. If this sale or Buyer's use of the Property after closing results in additional assessments for periods before closing, the assessments will be the obligation of Buyer. This Paragraph 13B survives closing.
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Rollback taxes means the amount of back tax differential payable under § 67-5- 1008; and
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Related to Rollback taxes

  • Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

  • Excluded Taxes means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 11.13) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to Section 3.01(a)(ii), (a)(iii) or (c), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA.