Laserfiche WebLink
Tax Abatement Schedule prepared for: <br />NIMET INDUSTRIES, INC. <br />5 Year Personal Property Abatement Schedule* <br />Total estimated Equipment Cost: <br />Assume constant tax rate of <br />Tax <br />(combined rate factoring in SRTC) <br />Value <br />TTV <br />Year TTV% <br />(Year 5 -8) <br />1 40 <br />$300,000 <br />2 56 <br />420,000 <br />3 42 <br />315,000 <br />4 32 <br />240,000 <br />5 24 <br />180,000 <br />$750,000 <br />14.0121 <br />27- Aug -96 <br />Assessed <br />100% Tax <br />Tax <br />Tax <br />Value <br />Rate <br />Abated <br />Paid <br />$100,000 <br />$14,012 <br />$14,012 <br />$0 <br />140,000 <br />19,617 <br />18,636 <br />981 <br />105,000 <br />14,713 <br />11,770 <br />2,943 <br />80,000 <br />11,210 <br />7,287 <br />3,924 <br />60,000 <br />8,407 <br />4,204 <br />4,204 <br />$67,959 <br />$55,909 <br />$12,050 <br />Without Abatement: $67,959 <br />With Abatement: 12,050 <br />Amount Abated: 55,909 <br />* - This schedule is for estimation purposes only and may not reflect the true tax <br />values, which will be determined by the actual assessed valuation. <br />