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No. 1415 approving an application for personal property tax deduction (Masterbilt, Inc., 325 S. Walnut St.)
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No. 1415 approving an application for personal property tax deduction (Masterbilt, Inc., 325 S. Walnut St.)
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10/18/2012 2:30:45 PM
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9/22/2011 12:30:43 PM
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r <br />� <br />MASTERBILT, INC. <br />5 Year Personal Property Abatement Schedule <br />Total estimated Equipment Cost: <br />Assume constant tax rate of: <br />TTV Assessed <br />Year <br />TTV% <br />(Year 5 -8) <br />Value <br />1 <br />40 <br />$42,000 <br />$14,000 <br />2 <br />56 <br />58,800 <br />19,600 <br />3 <br />42 <br />44,100 <br />14,700 <br />4 <br />32 <br />33,600 <br />11,200 <br />5 <br />24 <br />25,200 <br />8,400 <br />Without Abatement: <br />With Abatement: <br />Amount Abated: <br />30- Jan -96 <br />$105,000 <br />15.4932 <br />100% Tax <br />Tax <br />Tax <br />Rate <br />Abated <br />Paid <br />$2,169 <br />$2,169 <br />$0 <br />3,037 <br />2,885 <br />152 <br />2,278 <br />1,822 <br />456 <br />1,735 <br />1,128 <br />607 <br />1,301 <br />651 <br />651 <br />$10,520 <br />$8,655 <br />$1,865 <br />$10,520 <br />1,865 <br />81655 <br />
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