Examples of Tax Zone 1 in a sentence
Development Special Tax When a Taxable Parcel in Tax Zone 1 or Tax Zone 2 becomes Developed Property, the Administrator shall use the Base Development Special Taxes shown in Table 1 below and apply the steps set forth in this Section 2a to determine the Maximum Development Special Tax for Leasehold Interests in the Taxable Parcel.
The Maximum Special Tax for Undeveloped Property in Improvement Area No. 1 shall be $18,720 per Acre for such property in Tax Zone 1, $22,448 per Acre for such property in Tax Zone 2, $18,474 per Acre for such property in Tax Zone 3, and$17,253 per Acre for such property in Tax Zone 4.
The Backup Special Tax shall be $902 per Residential Unit for Residential Property in Tax Zone 1, $1,405 per Residential Unit for Residential Property in Tax Zone 2, $1,575 per Residential Unit for Residential Property in Tax Zone 3, and $1,648 per Residential Unit for Residential Property in Tax Zone 4.
The heterogeneous nature of Southern Nigeria, coupled with the rampant corruption, unemployment, inequality and general underdevelopment, has made it a volatile region and a hotspot of armed violence since the 1990s.
All parcels within Tax Zone 1, except for 1 parcel, were first classified as Developed Property during or prior to Fiscal Year 2017-18.