Tax Base definition

Tax Base means the values as reflected in the officially approved valuation roll of the municipality.

Tax Base shall be the amount stated in Exhibit 1 and shall apply to a Tax Period of twelve (12) months. Tax Base shall be reduced pro rata if and to the extent that the Tax Period contains fewer than twelve (12) months.

Tax Base means the annual per rentable square foot factor finally established to be the annual per rentable square foot factor to be used in computing payments in lieu of taxes for the tax year beginning July 1, 1996.

Examples of Tax Base in a sentence

• Ahsan and Panagiotis Tsigaris, Choice of Tax Base Revisited: Cash Flow vs.

• If the Real Estate Taxes for that Tax Year are not based upon a Full Assessment of the Property, then the Real Estate Tax Base shall be the Unadjusted Real Estate Taxes for the Property for the first full Tax Year for which the Real Estate Taxes are based upon a Full Assessment.

• The properties are adjusted to reflect the number of properties within different bands in order to produce the Council Tax Base (Band D equivalent).

• On 30 November 2012, new regulations set out in the Local Authorities (Calculation of council Tax Base) Regulations 2012 (SI 2012:2914) came into force.

• This paragraph provides for adjustment in the rent ("Tax Adjustment") to account for increases or decreases in Real Estate Taxes for the Property after the establishment of the Real Estate Tax Base, as those terms are defined herein.

More Definitions of Tax Base

Tax Base means tax base as defined in International Accounting Standard 12 of IFRS or any International Accounting Standard replacing Interna-

Tax Base means, net income, gross income, gross receipts, revenue or any other measure upon which the assessment or determination of Tax liability is based.

Tax Base means the values as reflected in the officially approved valuation roll of the municipality. “urban land” means land which is situated within a proclaimed township.

Tax Base means the average of the products obtained by multiplying (i) the amounts for which the tax lot(s) of which the Unit forms a part is assessed for the purpose of establishing real estate taxes to be paid by Landlord for the Tax Year (as defined in Section 36(a) hereof) commencing July 1, 1996 and ending June 30, 1997 and for the Tax Year commencing July 1, 1997 and ending June 30, 1998, by (ii) the real estate tax rates for such Tax Years, respectively.

Tax Base means the real estate taxes due and payable for the fiscal year from July 1, 1997 to June 30, 1998. If real estate taxes applicable to any lease year are greater than the tax base, the Tenant shall pay as additional rent for such lease year a sum equal to 2.7% of the amount by which real estate taxes applicable to a lease year are greater than the tax base (hereinafter called "Tenant's tax payment"). In the event real estate taxes applicable to a lease year are greater than the tax base, the Landlord may give the Tenant, within ninety (90) days after the end of such lease year, or within ninety (90) days after Landlord is notified of such tax, notice of Tenant's tax payment for such lease year; provided, however, that if this lease expires or is terminated during such lease year, Tenant's tax payment shall be limited to an amount equal to Tenant's tax payment for such lease year apportioned as of the date of such expiration or termination, and the Tenant shall make payment of Tenant's tax payment or of the same as apportioned within thirty (30) days after the giving of such notice, notwithstanding the fact that this lease has expired or has been terminated prior to the time of the giving of such notice. In the event the Landlord shall receive any refund as a result of a reduction in real estate taxes for any lease year after the first lease year and a Tenant's tax payment for such lease year has been made by the Tenant, the Landlord shall remit to the Tenant a sum equal to 2.7% of the refund received by the Landlord for such lease year, after deducting from such refund all expenses incurred by the Landlord in connection with obtaining the same, including attorneys' fees. At Landlord's option, any additional rent attributable to an increase in real estate taxes, or any decrease in rent due to a decrease in real estate taxes, shall be payable by Tenant, or credited to Tenant, as the case may be, on a monthly basis allocated evenly over the number of months in the lease year, or balance of the lease year if such increase or decrease shall be effective during the middle of a lease year.

Tax Base means business income, before apportionment or allocation as provided in chapter 3, even if zero or negative, subject to the adjustments in this section.

Tax Base has the meaning set forth in Item 11B of the Summary of Basic -------- Terms.