12-17,122.Same; definitions.
For the purposes of this act, the following terms shall have
the
meanings provided herein, unless the context clearly indicates, otherwise:
(a) "Base year appraised value" means the appraised value, as determined by
the county appraiser, of the real property located within the boundaries of a
downtown redevelopment area for the tax year immediately preceding a
twelve-month period in which an investment for improvements to the real
property or trade fixtures therein, equal to or exceeding 25% of the appraised
value of the real property, was made;
(b) "core commercial district" means an area of a city or unincorporated area
of a county characterized by a
variety of compact commercial, office, residential and public uses that make it
most directly analogous to central business districts commonly identified by
zoning regulations;
(c) "distressed community" means an area in which 20% or more of the
population of all ages for each census tract located within the area has an
income below the poverty level as reported in the most recently completed
decennial census published by the U.S. bureau of the census;
(d) "downtown redevelopment area" or "redevelopment area" means an area
designated by the secretary of commerce pursuant to this act for the purpose
of identifying real property that is eligible to receive tax benefits as
provided in
K.S.A. 2009 Supp.
12-17,124, and amendments thereto;
(e) "fund" means the fund created by the governing body of a city or
unincorporated area of a county to comply with the requirements of this act;
(f) "governing body" means the governing body of a city or the
unincorporated area of a county;
(g) "real property taxes" means all taxes levied on an ad
valorem basis upon
land and the improvements thereon;
(h) "secretary" means the secretary of the department of
commerce; and
(i) "tax increment" means all real property taxes assessed
pursuant to K.S.A.
79-1439, and amendments thereto, to the amount of the current appraised value
of the property in excess of the base year appraised value of the property
located within a redevelopment area or proposed redevelopment area.
History: L. 2004, ch. 112, § 82;
L. 2005, ch. 80, § 5; Apr. 14.
12-17,122.Same; definitions.
For the purposes of this act, the following terms shall have
the
meanings provided herein, unless the context clearly indicates, otherwise:
(a) "Base year appraised value" means the appraised value, as determined by
the county appraiser, of the real property located within the boundaries of a
downtown redevelopment area for the tax year immediately preceding a
twelve-month period in which an investment for improvements to the real
property or trade fixtures therein, equal to or exceeding 25% of the appraised
value of the real property, was made;
(b) "core commercial district" means an area of a city or unincorporated area
of a county characterized by a
variety of compact commercial, office, residential and public uses that make it
most directly analogous to central business districts commonly identified by
zoning regulations;
(c) "distressed community" means an area in which 20% or more of the
population of all ages for each census tract located within the area has an
income below the poverty level as reported in the most recently completed
decennial census published by the U.S. bureau of the census;
(d) "downtown redevelopment area" or "redevelopment area" means an area
designated by the secretary of commerce pursuant to this act for the purpose
of identifying real property that is eligible to receive tax benefits as
provided in
K.S.A. 2009 Supp.
12-17,124, and amendments thereto;
(e) "fund" means the fund created by the governing body of a city or
unincorporated area of a county to comply with the requirements of this act;
(f) "governing body" means the governing body of a city or the
unincorporated area of a county;
(g) "real property taxes" means all taxes levied on an ad
valorem basis upon
land and the improvements thereon;
(h) "secretary" means the secretary of the department of
commerce; and
(i) "tax increment" means all real property taxes assessed
pursuant to K.S.A.
79-1439, and amendments thereto, to the amount of the current appraised value
of the property in excess of the base year appraised value of the property
located within a redevelopment area or proposed redevelopment area.
History: L. 2004, ch. 112, § 82;
L. 2005, ch. 80, § 5; Apr. 14.
12-17,122.Same; definitions.
For the purposes of this act, the following terms shall have
the
meanings provided herein, unless the context clearly indicates, otherwise:
(a) "Base year appraised value" means the appraised value, as determined by
the county appraiser, of the real property located within the boundaries of a
downtown redevelopment area for the tax year immediately preceding a
twelve-month period in which an investment for improvements to the real
property or trade fixtures therein, equal to or exceeding 25% of the appraised
value of the real property, was made;
(b) "core commercial district" means an area of a city or unincorporated area
of a county characterized by a
variety of compact commercial, office, residential and public uses that make it
most directly analogous to central business districts commonly identified by
zoning regulations;
(c) "distressed community" means an area in which 20% or more of the
population of all ages for each census tract located within the area has an
income below the poverty level as reported in the most recently completed
decennial census published by the U.S. bureau of the census;
(d) "downtown redevelopment area" or "redevelopment area" means an area
designated by the secretary of commerce pursuant to this act for the purpose
of identifying real property that is eligible to receive tax benefits as
provided in
K.S.A. 2009 Supp.
12-17,124, and amendments thereto;
(e) "fund" means the fund created by the governing body of a city or
unincorporated area of a county to comply with the requirements of this act;
(f) "governing body" means the governing body of a city or the
unincorporated area of a county;
(g) "real property taxes" means all taxes levied on an ad
valorem basis upon
land and the improvements thereon;
(h) "secretary" means the secretary of the department of
commerce; and
(i) "tax increment" means all real property taxes assessed
pursuant to K.S.A.
79-1439, and amendments thereto, to the amount of the current appraised value
of the property in excess of the base year appraised value of the property
located within a redevelopment area or proposed redevelopment area.
History: L. 2004, ch. 112, § 82;
L. 2005, ch. 80, § 5; Apr. 14.