Tax Assessed Value definition

Tax Assessed Value means the value the local taxing authority uses to distinguish the value of the land from the improvements.
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Tax Assessed Value means the county property appraiser’s “just value”, “just valuation”, “actual value” or “value”, all of which are defined as the price at which a property, if offered for sale in the open market, with a reasonable time for the seller to find a purchaser, would transfer for cash or its equivalent, under prevailing market conditions between parties who have knowledge of the uses to which the property may be put, both seeking to maximize their gains and neither being in a position to take advantage of the exigencies of the other.
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Tax Assessed Value means the 2021 Dakota County assessed value of $55,800.
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Examples of Tax Assessed Value in a sentence

  • Except (i) as permitted by the following sentence and by Section 7.05, and/or (ii) in the event of a misapplication, miscalculation, or other mistake, in the calculation of the Guaranteed Tax Assessed Value, Developer hereby waives any right it may otherwise possess to challenge the Guaranteed Tax Assessed Value for each Parcel.

  • The Parties shall execute an amendment to this Development Agreement updating Exhibit G with the Guaranteed Tax Assessed Value for each Parcel on the Valuation Date for each Parcel.

  • Each Parcel shall be subject to its Guaranteed Tax Assessed Value for a period of twenty (20) years the Tax Guarantee Period beginning on the date that is eighteen (18) months following Developer’s receipt of the final Certificate of Occupancy for the first building in each phase constructed as part of the Private Improvements constructed on such Parcel (the “Tax Guarantee Period”).

  • It is expected that a total of approximately $125,000,000 of incremental tax revenues will be allocated to the District by the CountyCounty AB8 ContributionCounty MVLF ContributionFiscal YearIncremental Property Tax Assessed Value Increment 1%General LevyWeighted Average County Share AvailableCounty Increment AvailableCounty Share CountyAllocated IncrementAllocatedApprox.

  • The failure of the Developer to achieve the Guaranteed Tax Assessed Value by the Assessment Date and thereafter maintain that value, for the balance of the term of this Agreement shall allow the Village to collect the shortfall pursuant to the guaranties referenced in this Agreement, which Guaranty Payment (as hereinafter defined) shall be deemed indebtedness of Developer to the Village.

  • In addition, for clarification nothing in this Agreement is intended to preclude any Parcel from being assessed at a fair market value higher than the Guaranteed Tax Assessed Value, as would be required by RSA chapter 75.

  • The FMA is calculated based on the Tax Assessed Value of the property.

  • Assessed Value, if the Current Property Tax Assessed Value is Less than the Original Sales Contract Price.

  • For newly built properties (permit issued after 31.12.2005), the FMA is replaced with VAT (24%) on the Tax Assessed Value of the property.

  • Participants referred from the DOJ grantees’ pre-release programs will have been given a risk assessment but if the DOL grantee chooses to enroll additional participants from the community, these returning offenders should not have a violent presenting or past offense.

Related to Tax Assessed Value

  • Assessed value means 1 of the following:

  • Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.

  • Equalized assessed value means the assessed value of a property divided by the current average ratio of assessed to true value for the municipality in which the property is situated, as determined in accordance with sections 1, 5, and 6 of P.L.1973, c.123 (C.54:1-35a through C.54:1-35c).

  • Increased Assessed Value means, for each Fiscal Year during the term of this Agreement, the amount by which the Current Assessed Value for such year exceeds the Original Assessed Value. If the Current Assessed Value is less than or equal to the Original Assessed Value in any given Tax Year, there is no Increased Assessed Value in that year.

  • Original Assessed Value means zero dollars ($428,400), the taxable assessed value of the Developer Property as of March 31, 2020 (April 1, 2019), provided, however that in the event that a City revaluation occurs and results in an increase or decrease of any Developer Property that was included as a part of the initial Original Assessed Value as of April 1, 2018, the Original Assessed Value then in effect shall be increased or decreased by a like amount and such adjusted Original Assessed Value shall thereafter (subject to another City revaluation) be the Original Assessed Value for the purposes of this Agreement.

  • Captured assessed value means the amount in any 1 year by which the current assessed value of the development area, including the assessed value of property for which specific local taxes are paid in lieu of property taxes as determined in subdivision (w), exceeds the initial assessed value. The state tax commission shall prescribe the method for calculating captured assessed value.

  • Tax Cost means any increase in Tax payments otherwise required to be made to a Taxing Authority (or any reduction in any refund otherwise receivable from any Taxing Authority).

  • Assessed Valuation means the amount for which the Real Property is assessed pursuant to applicable provisions of the New York City Charter and of the Administrative Code of the City of New York for the purpose of imposition of Taxes.

  • Initial assessed value means the assessed value, as equalized, of all the taxable property within the boundaries of the development area at the time the resolution establishing the tax increment financing plan is approved as shown by the most recent assessment roll of the municipality for which equalization has been completed at the time the resolution is adopted. Property exempt from taxation at the time of the determination of the initial assessed value shall be included as zero. For the purpose of determining initial assessed value, property for which a specific local tax is paid in lieu of a property tax shall not be considered property that is exempt from taxation. The initial assessed value of property for which a specific tax was paid in lieu of a property tax shall be determined as provided in subdivision (w).

  • Tax Asset means any federal or state net operating loss, net capital loss, general business credit, foreign tax credit, charitable deduction, or any other loss, credit, deduction, or tax attribute which could reduce any Tax (including, without limitation, deductions, credits, alternative minimum net operating loss carryforwards related to alternative minimum taxes or additions to the basis of property).

  • Title Benefit Amount has the meaning set forth in Section 6.2(d).

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Added value means that the Contractor performs subcontract management functions that the Contracting Officer determines are a benefit to the Government (e.g., processing orders of parts or services, maintaining inventory, reducing delivery lead times, managing multiple sources for contract requirements, coordinating deliveries, performing quality assurance functions).

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.

  • Adjusted Value as used in subdivision (d) means:

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • 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.

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Rollback tax rate means the rate that will produce last year’s maintenance and operation tax levy (adjusted) from this year’s values (adjusted) multiplied by 1.08 plus a rate that will produce this year’s debt service from this year’s values (unadjusted) divided by the anticipated tax collection rate.

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Base Tax Year means the property tax levy year used

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;