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Tax Abatement Schedule prepared for:
<br />Green Tech Transfer & Recycling, LLC
<br />South Bend Portage 5 Year Personal Property Abatement Schedule*
<br />Total estimated Equipment Cost: $3,141,620
<br />Assume constant tax rate of: 5.1524
<br />Assume constant SRTC rate of: 7.0433
<br /> TTV Assessed Gross Less Net Percent Tax
<br />Year TTV% (Year 1-5) Value Tax SRTC Tax Abated Abated
<br />1 0.40 $1,256,648 $1,256,648 $64,748 $4,560 60,188 100% $60,188
<br />2 0.56 $1,759,307 $1,759,307 $90,647 $6,385 84,262 80% $67,410
<br />3 0.42 $1,319,480 $1,319,480 $67,985 $4,788 63,197 60% $37,918
<br />4 0.32 $1,005,318 $1,005,318 $51,798 $3,648 48,150 40% $19,260
<br />5 0.24 $753,989 $753,989 $38,849 $2,736 36,113 20% $7,223
<br /> $314,027 $22,118 291,909 $191,998
<br />Total Taxes Due During Abatement:
<br />Total Taxes Abated During Abatement:
<br />Total Taxes Paid During Abatement:
<br />$291,909
<br />$191,998
<br />$99,911
<br />14-Aug-07
<br />Tax
<br />Paid
<br />$0
<br />$16,852
<br />$25,279
<br />$28,890
<br />$28,890
<br />$99,911
<br />* -This schedule is for estimation purposes only and assumes constant tax rates.
<br />The true tax values will ulimately be determined by the actual
<br />assessed valuation and the then current tax rates.
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