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A tax on real and personal property that provides revenue to the taxing jurisdiction. This tax is typically less volatile on an annual basis than sales ta or other use type taxes (e.g. With a tax rate of .422 per $100 valuation: appraised value of $36,000,000 divided by $100 = $360,000 x .422 = $151,920 in tax revenue per year to the jurisdiction.)
Accredited Economic Development Organization - An AEDC program, adopted in 1994, that is a benchmark process to recognize the profession excellence of economic development entities throughout North America. The program provides economic development organizations with independent feedback on their operations, structure and procedures. The designation certifies that a specific organization has demonstrated ability to effectively run and manage economic activities for that community.