Tax Increment definition

Tax Increment means the difference between:

Tax Increment means that amount obtained by multiplying the total county, city, school and other local general property taxes levied on all taxable property within a TID in a year by a fraction having as a numerator the value increment for that year in the district and as a denominator that year’s equalized value of all taxable property in the TID.

Tax Increment means all real property tax proceeds attributable to the assessed valuation within the Allocation Area, as of each assessment date in excess of the base assessed value as described in IC 36-7-14-39(b)(1). The incremental assessed value is multiplied by the then current property tax rate (per $100 assessed value).

Examples of Tax Increment in a sentence

• The Authority and or the City shall promptly collect the Tax Increment as generated pursuant to the TIF Ordinance and the Project Plan, and shall maintain such funds in the Apportionment Fund for the purposes set forth in the TIF Ordinance and the Project Plan.

• The Town shall, subject to further proceedings as required by law, cause the issuance of Taxable Economic Development Tax Increment Revenue Bonds, Series 2024B, pursuant to Indiana Code 36-7-12 to provide funding to the Developer for the Additional Costs (the “Series 2024B Bonds”).

• Further, as provided in Sections 5.1, 5.3 and 11.1 of the Development Agreement or otherwise, the City’s obligations to make payments on this MRO may be suspended or terminated in the event Developer is in Default under any of the terms and conditions of the Development Agreement, provided payments may be resumed when any such Default is timely cured and any payments missed due to an uncured Default also shall be paid from Available Tax Increment upon timely cure of such Default.

• This MRO shall be payable solely from Available Tax Increment generated by the Property and appropriated by the City’s Common Council to the payment of this MRO (the “Revenues”).

• The Authority shall pledge, and agrees to take any other actions as shall be necessary to confirm or perfect such pledge, in each case in accordance with the Indenture, one-hundred percent (100%) of the apportioned Tax Increment pertaining to the Increment District, at such times and in such amounts as the Tax Increment may be received, to the payment of debt service on obligations issued pursuant to Section 4.3 herein.

More Definitions of Tax Increment

Tax Increment means the collections realized from extending the tax levies, expressed in

Tax Increment means that portion of the property taxes generated by the Property and Minimum Improvements that is actually remitted to the City as tax increment under the Tax Increment Act.

Tax Increment means that portion of the real property taxes which is paid with respect to the TIF District and which is remitted to the Authority as tax increment pursuant to the Tax Increment Act.

Tax Increment means the difference between the amount of property tax revenues generated each tax year by all taxing entities from the Project Area using the current assessed value of the property and the amount of property tax revenues that would be generated from the same area using the base taxable value of the property.

Tax Increment means the same as that term is defined in Section 17C-1-102.

Tax Increment means the amount of regular levy property taxes attributable to the

Tax Increment means for any tax year the amount by which the assessed value as of January 1 preceding that tax year exceeds the original assessed value.