Tax Rate Area definition

Tax Rate Area means the area subject to the tax rate.
Sample 1Sample 2Sample 3
Tax Rate Area means a grouping of parcels that are taxed to fund a specific service. For example, Tax Rate Area No. SL-01 includes all parcels that are taxed for standard residential street lighting services and Tax Rate Area No. LM-01 includes all parcels that are taxed for landscape maintenance services for the public landscaping maintained in connection with Tax Rate Area No. LM-01. Tax Rate Areas may be created from time to time, and each parcel annexed to the CFD shall, at the time it is annexed, be assigned to one or more Tax Rate Area(s) by action of the City Council (with the consent of the property owner or with voter approval).
Sample 1Sample 2Sample 3
Tax Rate Area means a geographical area in which there is a unique combination of tax levies.
Sample 1

Examples of Tax Rate Area in a sentence

  • The Stewardship Council’s achievement of property tax neutrality applies to all property taxes that would be distributed directly to County General Funds, School and Fire Districts, Regional Conservation and Water Districts, and any other special districts as defined by the applicable Tax Rate Area.

  • The calculation for arriving at a lump-sum payment is as follows:Lump Sum Value = Annual Base Value ÷ 4.0%The following table provides an example of the application of the Cap Rate to various Annual Base Values: Annual Base Value$500$1,000$5,000$10,000Lump Sum at 4.0%$12,500$25,000$125,000$250,000 Lump-sum payments would be allocated based upon the applicable Tax Rate Area at the time of payment.

  • The revisions established that the County will receive a one-time lump sum payment allocated based upon the applicable Tax Rate Area at the time of the payment.

  • The county will agree to distribute the lump-sum payment to the applicable special districts as dictated in the relevant Tax Rate Area at the time of payment.

  • The practice of calculating payments based upon a rolling average (smoothing) has been shown to reduce the number of significant declines in annual distributions, and increase the total value of payments and invested assets4.Annual payments to counties would be allocated based upon the applicable Tax Rate Area at the time of payment by the receiving county.

  • Geographic boundaries form the Tax Rate Area within a county and are assigned a unique Tax Rate Area number used in that county.

  • Information regarding the Tax Rate Area number for a specific location can be obtained from the Tax Area Services Section.

  • The county will agree to distribute the lump-sum, installment payment, or annual payment to the applicable special districts as dictated in the relevant Tax Rate Area at the time of payment.

  • The Tax Area Services Section (TASS) maintains the boundaries of all Tax Rate Areas and assigns the Tax Rate Area number.

  • The Special Taxes for the District are allocated to all taxable properties in Tax Rate Area 1 and Tax Rate Area 2.

Related to Tax Rate Area

  • Tax Rate means the rate imposed under section 51 of the income tax act of 1967, 1967 PA 281, MCL 206.51, for the tax year in which the tax year of the taxpayer for which the credit is being computed begins.

  • Tax area means a geographic area created by the overlapping boundaries of one or more taxing entities.

  • Incremental property taxes means the taxes as provided in Iowa Code sections 403.19 and 260E.4. “Industry” means a business engaged in interstate or intrastate commerce for the purpose of manufacturing, processing, or assembling products, conducting research and development, or providing services in interstate commerce, but excludes retail, health, or professional services. An industry is a business engaged in activities described as eligible in the Act rather than the generic definition encompassing all businesses in the state doing the same activities. An industry is considered to be a single, corporate entity or operating subdivision. An industry which closes or substantially reduces its operation in one area of the state of Iowa and relocates substantially the same operation in another area of the state is not eligible for a project. This definition does not prohibit a business from expanding its operations in another area of the state provided that existing operations of a similar nature are not

  • Rentable Area when applied to the Premises, is that area equal to the usable area of the Premises, plus an equitable allocation of Rentable Area within the Building that is not then utilized or expected to be utilized as usable area, including that portion of the Building devoted to corridors, equipment rooms, restrooms, elevator lobby, atrium and mailroom.

  • Eligible area means a distressed area, a labor surplus area, an inner city area, or a situational distress area.

  • ILUA Area means the geographical area in relation to which the Framework ILUA applies, as specified in Schedule 2 of the Framework ILUA;

  • Built-Up Area and/or “Covered Area” in relation to a Flat shall mean the floor area of that Flat including the area of balconies and terraces, if any attached thereto, and also the thickness of the walls (external or internal) and the columns and pillars therein Provided That if any wall, column or pillar be common between two Flats, then one-half of the area under such wall column or pillar shall be included in the built-up area of each such Flat.

  • Exchange Area means an area, defined by the Commission, for which a distinct local rate schedule is in effect.

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Property tax increment means the amount obtained by: