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22- Oct -92 <br />6 YEAR <br />ILI' Real Property Abatement Schedule <br />-------------------------------- <br />Total estimated Project Cost: $550,000 <br />Base Assessed Value: $183,333 <br />(Approx. 1/3 Project Cost) <br />Assume constant tax rate of: 14.1075 <br />$91,040 $ 64,142 <br />Without Abatement: $155,183 <br />With Abatement: 64,142 <br />I Amount Abated: 91,040 <br />Assessed <br />Tax <br />Tax <br />Year <br />% Abated <br />Value <br />Abated <br />Paid <br />------------------------------------ <br />1 <br />------------------ <br />100 <br />- - - - -- ------------------ <br />$0 <br />- - - - -- ------------------------ <br />$25,864 <br />$0 <br />2 <br />85 <br />27,500 <br />21,984 <br />3,880 <br />3 <br />66 <br />62,333 <br />17,070 <br />8,794 <br />4 <br />50 <br />91,667 <br />12,932 <br />12,932 <br />5 <br />34 <br />121,000 <br />8,794 <br />17,070 <br />6 <br />17 <br />152,167 <br />4,397 <br />21,467 <br />$91,040 $ 64,142 <br />Without Abatement: $155,183 <br />With Abatement: 64,142 <br />I Amount Abated: 91,040 <br />