Tax Allocation Increment definition

Tax Allocation Increment means the tax allocation increment within the meaning of

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Tax Allocation Increment means the positive tax allocation increment (within the meaning of the Redevelopment Powers Law) levied and collected on real property within the Uptown TAD attributable to the ad valorem millage rate levied annually by Columbus (which was 40.481 mils in 2020).

Tax Allocation Increment means the positive tax allocation increment (within the meaning of the Redevelopment Powers Law) levied and collected within the Midtown TAD relating to the Property and the Developer Project at the tax millage rates then in force in the City, City Schools, and County.

Examples of Tax Allocation Increment in a sentence

Anything contained herein to the contrary, notwithstanding, Development Payments shall never exceed Positive Tax Allocation Increment.
Reimbursement for the annual Tax Allocation Increment generated in the Special Fund by the Developer Project will occur within thirty (30) days after receipt by City of the animal property tax payments for Bourbon Brothers, which reimbursement is estimated to be prior to December 31” of the year in which the annual property tax payment is made.
In lieu of reimbursement from Tax Allocation Increment pursuant to Requisitions as contemplated herein, the City, in its sole discretion and at its own expense, may choose to issue bonds to finance all or a portion of the TAD Project contemplated herein.
Notwithstanding anything to the contrary herein, in no event will Tax Allocation Increment applicable to periods beyond twenty-five (25) years after the Effective Date of this Agreement be used to satisfy outstanding balances due Developer, if any.
In any future year within the Term of this Agreement, if the tax allocation increment base is less than that year's value of all taxable property subject to ad valorem property taxes, then the total TAD #1 Tax Allocation Increment is "positive".

More Definitions of Tax Allocation Increment

Tax Allocation Increment means the tax allocation increment as defined by O.C.G.A.

Tax Allocation Increment means the tax allocation increment within the meaning of O.C.G.A. Section 36-44-3(14) of the Redevelopment Powers Law with respect to the TAD #4, limited to the Real Property Tax Allocation Increment.

Tax Allocation Increment has the meaning set forth in Section 1.2 of this Agreement.

Tax Allocation Increment means the amount of the tax allocation increment with respect to real property accrued in each calendar year within the Varnell TADs, as provided in O.C.G.A. §36-44-3(14).

Tax Allocation Increment means the amount of the tax allocation increment with respect to real property accrued in each calendar year within the St. Marys TAD Number Two, as provided in O.C.G.A. §36-44-3(14).

Tax Allocation Increment means the tax allocation increment within the meaning of O.C.G.A. Section 36-44-3(14) of the Redevelopment Powers Law with respect to the New Town Center TAD, including, without limitation, Real Property Tax Allocation Increment. The proportional share of accumulated Real Property Tax Allocation Increments attributable to the contributions of City, County and School District millage may also be referred to in this Agreement as City, County and School District Tax Allocation Increments, respectively. See Exhibit “D” for a summary of tax allocation district increment for the years 2019 through 2021.

Tax Allocation Increment means the amount of positive tax allocation increment with respect to real property accrued in each calendar year within the Downtown Lilburn TAD #2 as defined in O.C.G.A. §36-44-3(14).