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 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).
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.
Each Fiscal Year following the Base Year the Maximum Annual Special Tax Rate, as shown in Attachment 1, should be increased by the 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.