Uniform Rate of Assessment Sample Clauses
The Uniform Rate of Assessment clause establishes a consistent method for determining the value or amount to be assessed across all relevant parties or properties. In practice, this means that the same criteria, formula, or percentage is applied uniformly, regardless of individual differences or circumstances. For example, a tax authority might use a uniform rate to calculate property taxes for all homeowners within a jurisdiction. The core function of this clause is to ensure fairness and predictability by preventing arbitrary or discriminatory assessments, thereby promoting transparency and equal treatment.
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Uniform Rate of Assessment. Both annual and special assessments must be fixed at a uniform rate for all Lots and may be collected on a monthly basis.
Uniform Rate of Assessment. Both annual and special assessments must be fixed at a uniform rate or all Lots and may be collected on a quarterly basis.
Uniform Rate of Assessment. Except as hereinabove provided both annual and special assessments must be fixed at a uniform rate for all lots. The Board of Directors may, at its discretion, require the annual and/or special assessments to be paid on a monthly basis and may require that such payments be made to a mortgagee under the Deed of Trust on the respective lots or any other collection agent selected by the Board of Directors.
Uniform Rate of Assessment. Both annual and special assessments( except special assessments levied as fines against an Owner for a violation of this Declaration or Regulations promulgated hereunder) must be fixed at a uniform rate for all Lots and may be collected on a monthly, quarterly, or annual basis.
Uniform Rate of Assessment. Both annual and special Assessments must be fixed at a uniform rate for each Condominium Unit.
Uniform Rate of Assessment. Regular Yearly Assessments and Special Assessments for capital improvements and to recover operating deficits must be fixed as a uniform rate for all Lots. Declarant and any individual or entity purchasing a Lot or Lots solely for the purposes of construction of a for-sale Dwelling Unit thereon (a “Builder”) shall not be obligated to pay any Regular Yearly Assessments and Special Assessments.
Uniform Rate of Assessment. Both annual and special assessments shall be fixed at a uniform rate for each Lot, provided however, that Lots owned by the Developer shall not be subject to assessment during Developer’s ownership of the Lot.
Uniform Rate of Assessment. All regular and special assessments shall be at a uniform rate for each acre in the Association exclusive of Common Areas.
Uniform Rate of Assessment. All assessments must be fixed at a uniform rate for all Lots, and each Lot shall be liable for 1/32 of all assessments.
Uniform Rate of Assessment. Both annual and special assessments must be fixed at a uniform rate for all Lots and may be collected on a basis as the Board may from time to time deem appropriate. Assessments associated with additional property as may be annexed or assigned by Developer pursuant to the provisions of Article XI hereof will be fixed according to a pro-rata formula to be determined and documented at the point of establishment of such an annexation.