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SOUTH BEND ABSORBTECH, LLC <br />5 Year Personal Property Abatement Schedule <br />Total estimated Equipment Cost: $604,000 <br />Assume constant tax rate of: 15.4932 <br />Tax <br />Abated <br />$12,477 <br />16,595 <br />10,481 <br />6,488 <br />3,743 <br />$49,784 <br />17- Oct -95 <br />Tax <br />Paid <br />$0 <br />873 <br />2,620 <br />3,494 <br />3,743 <br />$10,730 <br />TTV <br />Assessed <br />100% Tax <br />Year <br />TTV% <br />(Year 5 -8) <br />Value <br />Rate <br />1 <br />40 <br />$241,600 <br />$80,533 <br />$12,477 <br />2 <br />56 <br />338,240 <br />112,747 <br />17,468 <br />3 <br />42 <br />253,680 <br />84,560 <br />13,101 <br />4 <br />32 <br />193,280 <br />64,427 <br />9,982 <br />5 <br />24 <br />144,960 <br />48,320 <br />7,486 <br />$60,514 <br />Without Abatement: <br />$60,514 <br />With Abatement: <br />10,730 <br />i <br />Amount Abated: <br />49,784 <br />Tax <br />Abated <br />$12,477 <br />16,595 <br />10,481 <br />6,488 <br />3,743 <br />$49,784 <br />17- Oct -95 <br />Tax <br />Paid <br />$0 <br />873 <br />2,620 <br />3,494 <br />3,743 <br />$10,730 <br />