Tax Escalation Factor definition

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.

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.

Examples of Tax Escalation Factor in a sentence

• Beginning in Fiscal Year 2005-06, and each Fiscal Year thereafter, the Assigned Maximum Special Tax for each Large Lot shown in Attachment 2, and the Maximum Special Tax assigned to each Parcel of Taxable Property within the CFD, shall be adjusted by the Annual Special Tax Escalation Factor.

• The Administrator shall increase the Maximum Annual Special Tax by the Tax Escalation Factor in each Fiscal Year following the Base Year.

• The Maximum Special Tax for the Base Year for such Units is $500, which amount shall be increased each Fiscal Year thereafter by the Annual Tax Escalation Factor.

• The Maximum Annual Special Tax for each Developed Parcel is the sum of the Maximum Annual Special Tax Rates per Unit (as increased by the Tax Escalation Factor each Fiscal Year after the Base Year) for each Dwelling (and Tax Category assigned thereto).

• Each Fiscal Year following the Base Year, the Maximum Annual Special Tax Rate per Unit may be increased in accordance with the Tax Escalation Factor.

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 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 2022/23 to increase the Maximum Special Tax rates shown in Section III.

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 Annual Special Tax for the previous Fiscal Year will be increased to provide sufficient services for the current Fiscal Year.

Tax Escalation Factor means on July 1 of each Fiscal Year, commencing on July 1, 2024, the Maximum Special Tax as shown in Section C shall be increased by a minimum of two percent (2%) to a maximum of six percent (6%), determined by the CFD Administrator on an annual basis as needed to increase the Maximum Special Tax to satisfy the Special Tax Requirement for the succeeding and future Fiscal Years.