Taxable Owners Association Property definition

Taxable Owners Association Property means, in any Fiscal Year after the First Bond Sale, any Parcel of Owners Association Property that satisfies all three of the following conditions: (i) the Parcel had not been Owners Association Property on the date of the First Bond Sale; (ii) based on reference to Attachments 1 and 2 (as may be updated pursuant to Section D below), the Parcel was not anticipated to be Owners Association Property as determined by the Administrator; and (iii) if the Parcel were to be exempt from the Special Tax because it is Owners Association Property, the Expected Maximum Special Tax Revenues would be reduced to a point at which Required Coverage could not be maintained.
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Taxable Owners Association Property means, in any Fiscal Year after the First Bond Sale, any Parcel of Owners Association Property that satisfies all three of the following conditions: (i) the Parcel had not been Owners Association Property on the date of the First Bond Sale; (ii) based on reference to Attachments 1 and 2 (as may be updated pursuant to Section D below), the Parcel was not anticipated to be Owners Association Property as determined by the Administrator; and
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Taxable Owners Association Property means, in any Fiscal Year after the First Bond Sale, any Parcel of Owners Association Property that satisfies all three of the following conditions: (i)
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Examples of Taxable Owners Association Property in a sentence

  • Owners Association Property, except Taxable Owners Association Property.

  • Step 4: If additional revenue is needed after Step 3, the Special Tax shall be levied Proportionately on each Parcel of Taxable Owners Association Property, up to 100% of the Maximum Special Tax for each Parcel of Taxable Owners Association Property until the amount levied is equal to the Special Tax Requirement.

  • The Maximum Special Tax for Undeveloped Property, Taxable Owners Association Property, and Taxable Public Property is $40,250 per Acre for Fiscal Year 2019-20, which amount shall increase on July 1, 2020, and each July 1 thereafter by an amount equal to 2.0% of the amount in effect for the prior Fiscal Year.

  • Step 5: If additional revenue is needed after Step 4, the Special Tax shall be levied Proportionately on each Parcel of Taxable Owners Association Property, up to 100% of the Maximum Special Tax for each Parcel of Taxable Owners Association Property until the amount levied is equal to the Special Tax Requirement.

  • The Maximum Special Tax for Undeveloped Property, Taxable Owners Association Property, and Taxable Public Property is $10,225 per Acre for Fiscal Year 2021/2022, which amount shall increase on July 1, 2022, and each July 1 thereafter by an amount equal to 2.0% of the amount in effect for the prior Fiscal Year.D. CHANGES TO THE MAXIMUM SPECIAL TAX1.

  • The Maximum Special Tax for Undeveloped Property, Taxable Owners Association Property, and Taxable Public Property is $30,325 per Acre for Fiscal Year 2019-20, which amount shall increase on July 1, 2020, and each July 1 thereafter by an amount equal to 2.0% of the amount in effect for the prior Fiscal Year.

  • The Maximum Special Tax for Undeveloped Property, Taxable Owners Association Property, Taxable Public Property, and Taxable Welfare Exemption Property is $27,322 per Acre for Fiscal Year 2021-22, which amount shall increase on July 1, 2022, and each July 1 thereafter by an amount equal to 2.0% of the amount in effect for the prior Fiscal Year.

  • The Maximum Special Tax for Undeveloped Property, Taxable Owners Association Property, and Taxable Public Property is $12,347 per Acre for Fiscal Year 2019-20, which amount shall increase on July 1, 2020, and each July 1 thereafter by an amount equal to 2.0% of the amount in effect for the prior Fiscal Year.

  • The Maximum Special Tax for Undeveloped Property, Taxable Owners Association Property, and Taxable Public Property is $22,770 per Acre for Fiscal Year 2019-20, which amount shall increase on July 1, 2020 and each July 1 thereafter by an amount equal to 2.0% of the amount in effect for the prior Fiscal Year.

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More Definitions of Taxable Owners Association Property

Taxable Owners Association Property means, in any Fiscal Year after the First Bond Sale, any Parcel of Owners Association Property that satisfies all three of the following conditions: (i) the Parcel was not classified as Owners Association Property on the date of the First Bond Sale; (ii) the Parcel was not anticipated to be classified as Owners Association Property as determined by the Administrator; and the Parcel was not anticipated to be Owners Association Property on the date of the First Bond Sale as determined by the Administrator; and (iii) if the Parcel were to be exempt from the Special Tax, the Special Taxes levied pursuant to Section E of this RMA would not be sufficient to fund items (i) through (v) of the Special Tax Requirement.
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Taxable Owners Association Property means, in any Fiscal Year, any Parcel of Owners Association Property that satisfies both of the following conditions: (i) based on approved land use plans, the Parcel was not anticipated to be Owners Association Property, as determined by the County; and (ii) if the Parcel were to be exempt from the Special Tax because it is Owners Association Property, the County has determined that there would be a reduction in Special Tax revenues that would create a deficit in funding for Authorized Services.
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Taxable Owners Association Property means, in any Fiscal Year, all Acres of Owners Association Property that exceeds a total of 1,120 Acres of such property, with tax-exempt status assigned by the Administrator in chronological order based on the date on which Parcels are transferred to the Owners Association.
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Related to Taxable Owners Association Property

  • Owners Association means any association or organization created pursuant to the Owners’ Association Documents.

  • Association Property means that property, real and personal, which is owned or leased by, or is dedicated by a recorded plat to, the association for the use and benefit of its members.

  • Homeowners association or “HOA” or “POA” – shall mean an entity or entities, including its/their employees and agents, which may have jurisdiction over lands located within the District, either now or in the future, which may exist to aid in the enforcement of deed restrictions and covenants applicable to lands within the District.

  • Business association means a nonpublic corporation, joint stock company, investment company, business trust, partnership, or association for business purposes of 2 or more individuals, whether or not for profit, including a banking organization, financial organization, insurance company, or utility.

  • Master association means an organization that is authorized to exercise some or all of the powers of one or more associations on behalf of one or more common interest communities or for the benefit of the unit owners of one or more common interest communities.

  • Community land trust means an entity that meets the requirements of section 462A.31, subdivisions 1 and 2.

  • Community property means that property of a husband and wife

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • Trade association means an entity recognized by the State in which the entity is doing business as a trade association and shall not include an organization that is formed for the purposes of providing insurance. “Transaction cutoff date” for weekly data reporting is 8 p.m. Central time on Friday of each week and for monthly data reporting is 8 p.m. Central time on Friday after the first Sunday of the month.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Federal Land Manager means, with respect to any lands in the United States, the Secretary of the department with authority over such lands.

  • Shopping Center means the Shopping Center identified on the initial page hereof.

  • Member insurer means any person who: