Tax Levy definition

Tax Levy means the portion of Niagara Region costs that are unfunded by other levels of government or other sources and requires funding from the residents of the municipality through property taxation;
Sample 1Sample 2Sample 3
Tax Levy means the ad valorem tax which the Authority is authorized to levy on real and tangible personal property in the District under Section 12 of the Act.
Sample 1Sample 2Sample 3
Tax Levy means any tax, levy or stamp duty or any charge payable in respect of insurance premiums levied by any tax authority in any jurisdiction covered by this agreement to be charged to Insured Customers at the applicable rate from time to time including any similar, equivalent, additional or replacement tax, levy or charge which may be imposed on or in relation to insurers or insurance transactions from time to time;
Sample 1Sample 2Sample 3

Examples of Tax Levy in a sentence

  • However, the Tax Levy Limit Law imposes a statutory limitation on the power of the District to increase its annual tax levy.

  • The Tax Levy Limitation Law applies to local governments and school districts in the State (with certain exceptions) and imposes additional procedural requirements on the ability of municipalities and school districts to levy certain year-to-year increases in real property taxes.

  • Taxes are levied by December of the subsequent fiscal year (by passage of a Tax Levy Ordinance).

  • Under a contingency budget, school budget increases were limited to the lesser of four percent (4%) of the prior year’s budget or one hundred twenty percent (120%) of the consumer price index ("CPI").Under the Tax Levy Limit Law, there is now a limitation on the amount of tax levy growth from one fiscal year to the next.

  • Make all preparations necessary for the Board to timely file its Certificate of Tax Levy, including preparations to comply with the Truth in Taxation Act; file the Certificate of Tax Levy with the County Clerk on or before the last Tuesday in December.

  • Submit the annual budget, a deficit reduction plan if one is required by State Board of Education guidelines, and other financial information to the State Board of Education according to its requirements.Any amendments to the budget or Certificate of Tax Levy shall be made as provided in the School Code and Truth in Taxation Act.

  • All tax levy fund pages, changed 'Fund Page' to 'Fund Page for Funds with a Tax Levy.' 23.

  • While the Tax Levy Limitation Law imposes a statutory limitation on the Town’s power to increase its annual tax levy with the amount of such increase limited by the formulas set forth in the Tax Levy Limitation Law, it also provides the procedural method to surmount that limitation.

  • Taxes are levied by December following the lien date (by passage of a Tax Levy Ordinance).

  • Tax levy associated with educational or transportation services propositions are not eligible for exclusion under the School Tax Levy Limit and may affect voter approval requirements.


More Definitions of Tax Levy

Tax Levy means revenue collected from the taxpayers to provide programs and services and use towards the betterment of the municipalities assets.
Sample 1Sample 2
Tax Levy means the total revenue which is to be realized by the tax. (2011 Real Property Assessment Manual and Guidelines Book 2, Glossary, pg. 22)
Sample 1Sample 2
Tax Levy means the total revenue which is to be realized by the tax.
Sample 1

Related to Tax Levy

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Tax means any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same).

  • Tax Liabilities means all liabilities for Taxes.

  • Tax return preparer means any individual described in Section 7701(a)(36) of the Internal Revenue Code and 26 C.F.R. 301.7701-15 .

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends thereafter.

  • Consolidated federal taxable income means the consolidated taxable income of an affiliated group of corporations, as computed for the purposes of filing a consolidated federal income tax return, before consideration of net operating losses or special deductions. "Consolidated federal taxable income" does not include income or loss of an incumbent local exchange carrier that is excluded from the affiliated group under division (A)(1) of this section.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.

  • Agreement combined tax rate means the sum of the tax rates:

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Payroll Taxes means State Unemployment Insurance (SUI), Federal Unemployment Insurance (FUI), and payments pursuant to the Federal Insurance Contributions Act (FICA).