Tax Increment Base definition

Tax Increment Base means the aggregate market value of all taxable real property in an urban renewal project area on the date of approval of the urban renewal plan.

Tax Increment Base means the total appraised value as of January 1, 2015 of all real property taxable by the County and located in the Zone.

Tax Increment Base means the total appraised value of all real property taxable by a Taxing Unit for the year in which Zone was designated (2018).

Examples of Tax Increment Base in a sentence

• The Tax Increment Base of the Property is the total taxable value of the Property for the year in which the Zone was designated, as described in Section 10.1 above.

• The amount of the Tax Increment for a year during the term of the Zone is the amount of property taxes levied and collected by the City for that year on the captured appraised value of the Property less the Tax Increment Base of the Property, (the “Captured Appraised Value”).

• The amount of the City Tax Increment for a year is the amount of property taxes levied and collected by the City for that year on the captured appraised value of the Property which is the total taxable value of all real property taxable by the City in the Zone (the "Captured Appraised Value"), less the Tax Increment Base (hereinafter defined) of the Property.

• The Tax Increment Base of the Property is the total taxable value of all real property in the Zone for the year in which the Zone was designated (the “Tax Increment Base”).

• The Parties hereto agree that all ad valorem property taxes collected each year by the COUNTY that are attributable to real property in the ZONE shall first constitute taxes on the Tax Increment Base and after the total amount of taxes on the value of the Tax Increment Base have been collected, then the remaining ad valorem taxes collected shall constitute the taxes collected on the value of the Tax Increment.

More Definitions of Tax Increment Base

Tax Increment Base means the total appraised value of all real property taxable by the City and located in the Zone as of January 1, 2021, the year in which the Zone was effective and designated as a reinvestment zone, plus the total appraised value of all real property taxable by the City and the other Taxing Units participating in the Zone and annexed to the Zone determined as of January 1 of the year in which any future area is annexed to the Zone.

Tax Increment Base means the total appraised value of all real property taxable by the City and located in the Zone as of January 1 of the year in which the Zone was designated as a transportation reinvestment zone.

Tax Increment Base means the total appraised value of property in TIRZ Five as of January 1, 2001, such amount equal to $704,406,197 for the County and the Hospital District and

Tax Increment Base. The term means one or more of the following, as appropriate:

Tax Increment Base means the total appraised value of all real property located I in the Zone and taxable by the County as of January I, 2005, the year in which the Zone was designated as a reinvestment zone in the Zone Creation Ordinance, plus the total

Tax Increment Base means total appraised value of taxable real property in the Zone at the time of creation of the Zone, as calculated and certified by the Appraisal District.

Tax Increment Base means the total appraised value of all real property taxable by a Taxing Unit and located in the Zone as of January 1, 2018, the year in which the Zone was effective and designated as a reinvestment zone, plus the total appraised value of all real property taxable by the applicable Taxing Unit, and annexed to the Zone, determined as of January 1 of the year in which such area is annexed to the Zone.