Valorem Taxes definition

Valorem Taxes means any Tax payable on the sale or supply of goods, services or other things and includes goods and services tax, value added tax, sales tax, consumption tax or any similar impost.
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Valorem Taxes. All general real estate taxes, general and special assessments, parking surcharges, rent taxes, and other similar governmental charges levied against the Property for each calendar year.
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Examples of Valorem Taxes in a sentence

  • Buyer will be responsible for all Ad Valorem Taxes and interest that are applied to the Interests retroactively after the Effective Time.

  • Referendum Funds: No less than 2.5% of funds collected from the August 29, 2018 Referendum on a Question Regarding a Levy of Ad- Valorem Taxes for Essential Operating Expenses (“Referendum Funds”) in the Fiscal Year beginning on July 1, 2019, shall be designated for and distributed to eligible district employees in the BTU Education Support Professionals bargaining unit.

  • Such estimate shall be based on the actual Ad Valorem Taxes paid for the Premises for the immediately preceding calendar year.

  • Landlord agrees that to the extent that Landlord has collected any portion of such Ad Valorem Taxes from Tenant, Landlord shall pay or cause to be paid all such sums to the applicable taxing authorities on or before the applicable due date thereof to satisfy all applicable Ad Valorem Taxes, and the remainder shall be returned to Tenant in accordance with the foregoing terms.

  • The amount of general Ad Valorem Taxes for the Land and the Building will be determined by the Director in the same manner and according to the same statutory procedure as general ad valorem taxes are determined, using the valuations determined by the County Appraiser of Johnson County, Kansas (the "County Appraiser"), under the same laws, rules and procedures for which real and personal property taxes are determined for all taxpayers within the taxing jurisdiction(s).

  • Permittee also shall be responsible for timely payment of any Ad Valorem Taxes or other taxes and fees levied against the Permittee’s Attachments or other of Permittee’s property or equipment located on the Company Facilities or the Company Right-of-Way that are billed directly to Permittee by the taxing authority.

  • In the event that such payments by Tenant exceed the amounts actually paid in connection with such Ad Valorem Taxes, Landlord shall promptly return the excess to Tenant.

  • All future Ad Valorem Taxes thereafter required to be paid by Company to County shall be retained in full by County, as such may be determined subject to any of Company’s rights to challenge or reduce such Ad Valorem Taxes as may exist at such time, or from time to time thereafter.

  • All taxes (other than Ad Valorem Taxes and income taxes) imposed on or with respect to the production of Oil, gas, or other hydrocarbons or minerals, or the receipt of proceeds from their sale (including severance, production, and excise taxes) will be apportioned between the Parties as of the Effective Time.

  • The word "Grant" means a payment to Company under the terms of this Agreement computed with reference to the Ad Valorem Taxes paid to the County by the Company for the Property, and payable from the County’s Operation and Maintenance Fund and County Debt Fund in the amount set forth in Section 4 below.