Value of the Land definition

Value of the Land means for the purposes of determining the community benefit charges payable, the appraised value of the land in an appraisal prepared by or for the Town that is:
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Value of the Land means for the purposes of determining the Community Benefits Charge payable, the appraised value of the land in an appraisal prepared at the expense of the owner or developer of the land and by an appraiser selected by the City. The value of the Gross Floor Area of the following areas shall be excluded from the Value of the Land used to determine the Community Benefit Charge payable:
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Value of the Land means for the purposes of determining the Community Benefits Charge payable, the appraised Value of the Land in an appraisal prepared by or for the Town and in accordance with generally accepted appraisal principles and standards.
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Examples of Value of the Land in a sentence

  • Following the expiration of the 2019 Tax Agreement, the Assessed Value of the Land and the 2019 Improvements shall be fully taxable.


More Definitions of Value of the Land

Value of the Land means the market value of the freehold interest in the Land as at the relevant rent review date, as vacant land in an unsubdivided state assessed in accordance with its then current underlying zoning or a courthouse, whichever is the greater, LESS an adjustment of twenty per cent (20%) to reflect the terms and conditions of this Lease while the Ministry of Justice remains the Lessee.
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Value of the Land means value to the owner of the land, not the value to the taker (Dau v. Murphy Oil Company Ltd., [1970] S.C.R. 861; applied in BC in Dome Petroleum, supra; Scurry Rainbow; supra; Western Clay, supra). What this typically means is that where the owner’s use of the land is for agricultural purposes, the value of the land will likely be reflected by the sale of similar lands used for agricultural purposes (Spectra v. London, supra; Encana Corporation v. Lumnitzer, Order 1840/1847-2, November 24, 2016).The Board should consider whether there are any special factors which give a greater value to this owner for this particular piece of land beyond that shown by the average value of similar land indicated by sales (Scurry Rainbow; supra).
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Value of the Land means 89.807% of the fair market value of the Land, i.e. [21,264,021.82 EUR]4; and 4 Note to draft: final amount to be completed in this demerger proposal in line with the adjustment mechanism in SPA II.
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Value of the Land means at any time the fair market value of the Land considered as vacant, unimproved and unencumbered by this Lease or any other lease and available for its highest and best use under Applicable Laws then in effect, which may be the then existing Improvements whether or not they could then be constructed under such Applicable Laws.
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Related to Value of the Land

  • Value of Contract means the sum accepted or the sum calculated in accordance with the prices accepted in Tender and/or the Contract rates as payable to the Contractor for the entire execution and full completion of the work.

  • Fair Market Rent for the Subject Leased Property means for any Renewal Term shall mean an amount determined as follows: Landlord shall designate an independent MAI appraiser to determine the Fair Market Rent of the Subject Leased Property for the applicable Renewal Term within twenty (20) days after Tenant’s notice of its exercise of the applicable renewal option. Within thirty (30) days after selection of Landlord’s appraiser, Landlord shall notify Tenant of the determination made by Landlord’s appraiser with respect to the Fair Market Rent. Tenant shall then have ten (10) days to dispute such determination and to select its own independent MAI appraiser. In the event that Tenant fails to select its appraiser within such ten (10) day period, the determination of Landlord’s appraiser shall constitute such Fair Market Rent. Within ten (10) days after selection of Tenant’s appraiser, the two appraisers shall meet and attempt to agree as to the Fair Market Rent for the Subject Leased Property for the Renewal Term in question. In the event that such appraisers are unable to agree as to such Fair Market Rent then: (i) if the difference between the two determinations is less than five percent (5%) of the lower determination, then the average of the two determinations shall be deemed to constitute such Fair Market Rent; or (ii) if the difference between the two determinations is equal to or greater than five percent (5%) of the lower determination, then the two appraisers shall jointly select a third independent MAI appraiser, which appraiser shall select which of the determinations of the first two appraisers shall constitute such Fair Market Rent. Such third appraiser shall not have the right to vary or modify the determinations of the appraisers selected by Landlord and Tenant. Any appraiser selected pursuant to this paragraph must have at least ten (10) years experience in appraising commercial real estate in the area in which the Subject Leased Property is located. The appraisers shall not have the right to amend, modify or vary any of the terms of this Lease and the determination of the appraisers in accordance with this paragraph shall be final, binding and conclusive upon Landlord and Tenant. ]

  • Index Start Value means 1,000 index points and represents the Index Closing Value on Index Calculation Day T=0 for the purposes of calculating the index in accordance with C).

  • Value Date means a reference time used by a payment service provider for the calculation of interest on the funds debited from or credited to a payment account;

  • Fair Market Value means, as of any date, the value of Common Stock determined as follows:

  • Rental Rate means the average annualized composite rate for United States treasury bonds issued for periods of ten years and longer plus two percent. The rental rate shall not exceed ten and three-quarters percent nor fall below eight and one-quarter percent.