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Tax Abatement Schedule prepared for: 27- Aug -96 <br />NIMET INDUSTRIES, INC. <br />6 Year Real Property Abatement Schedule* <br />Total estimated Project Cost: $1,000,000 <br />Base Assessed Value: $333,333 <br />(approx. 1/3 project cost) <br />Assume constant tax rate of: 14.0121 <br />(combined rate factoring in SRTC) <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 />Assessed <br />Tax <br />Tax <br />Year <br />% Abated <br />Value <br />Abated <br />Paid <br />1 <br />100 <br />$0 <br />$46,707 <br />$0 <br />2 <br />85 <br />50,000 <br />39,701 <br />7,006 <br />3 <br />66 <br />113,333 <br />30,827 <br />15,880 <br />4 <br />50 <br />166,667 <br />23,354 <br />23,354 <br />5 <br />34 <br />220,000 <br />15,880 <br />30,827 <br />6 <br />17 <br />276,667 <br />7,940 <br />38.767 <br />$164,409 <br />$115,833 <br />Without Abatement: <br />$280,242 <br />With Abatement: <br />115,833 <br />Amount Abated: <br />164,409 <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 />