Tax Escalation Factor definition
Tax Escalation Factor means the rate of increase for each Maximum Special Tax rate that will be applied on an annual basis as shown in Section III for Tax Zone No. 1 or as established for any future Tax Zones that may be created.
Tax Escalation Factor means a factor of two-percent in each Fiscal Year following the Base Year by which the Assigned Special Tax and Maximum Annual Special Tax for the previous Fiscal Year will be increased.
Tax Escalation Factor means an annual percentage increase in the Maximum Annual Special Tax Rate per Unit based on the Consumer Price Index (CPI) (as of February, San Francisco, All Urban Consumers [CPI-U] Index), the CPI (prior calendar year annual average, San Francisco, All Urban Wage Earners and Clerical Workers), or 2 percent, whichever is greater. The Tax Escalation Factor is applied in each Fiscal Year following the Base Year.
Examples of Tax Escalation Factor in a sentence
Tenant’s share of such increase in Taxes shall be an amount which shall be equal to the amount obtained by multiplying any such increase by the Tax Escalation Factor.
The City covenants to apply the Tax Escalation Factor provided for in the rate and method of apportionment in each Fiscal Year beginning in Fiscal Year 2015-16 and continuing for each Fiscal Year thereafter through Fiscal Year 2043-44.
More Definitions of Tax Escalation Factor
Tax Escalation Factor means an annual percentage increase in the Maximum Annual Special Tax Rate per Building Square Foot following the Base Year, which is equal to the Consumer Price Index (CPI), prior calendar year average, San Francisco, All Urban Consumers (CPI-U) Index, not to exceed 2 percent per Fiscal Year. The Tax Escalation Factor will begin in the Fiscal Year following the Base Year. If the CPI is negative in any Fiscal Year, the tax escalation factor will be zero for that year.
Tax Escalation Factor means a factor of 2 percent that will be applied annually to the Maximum Annual Special Tax Rate for a Taxable Parcel beginning the Fiscal Year following the Base Year.
Tax Escalation Factor means a factor of 5 percent (5%) that will be applied annually after Fiscal Year 2022/23 to increase the Maximum Special Tax rates shown in Section III.
Tax Escalation Factor means a factor equal to the annual change in the May to May San Diego-Carlsbad CPI-U Index up to a maximum factor of 5% that will be applied annually after Fiscal Year 2021/22 to increase the Maximum Special Tax shown in Section III. Should the specified index cease to be reported, the CFD Administrator will determine a comparable index to use.
Tax Escalation Factor means a factor equal to 2% that will be applied annually after the Base Year and each Fiscal Year thereafter to increase the Maximum Special Tax over the previous year as shown in Section C.
Tax Escalation Factor means a factor of 5 percent (5%) that will be applied annually after Fiscal Year 2021/22 to increase the Maximum Special Tax rates shown in Section III.
Tax Escalation Factor means a factor not to exceed 4 percent, determined by the Administrator in any Fiscal Year following the Base Year by which the Maximum Annual Special Tax for the previous Fiscal Year will be increased to provide sufficient services for the current Fiscal Year.