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6 YEAR Real Provertt-Abatement Schedule
<br />Total estimated Project Cost:
<br />$3,200,00.0
<br />Base Assessed Value: $1,066,667
<br />(Approx. 1/3 Project Cost)
<br />Assume constant tax rate of: 14.1441
<br />!
<br />Assessed
<br />Tax
<br />Year
<br />% Abated
<br />Value
<br />Abated
<br />1
<br />100
<br />$0
<br />$150,870
<br />2
<br />85
<br />160,000
<br />128,240
<br />3
<br />66
<br />362,667
<br />99,574
<br />4
<br />50
<br />533,333
<br />75,435
<br />5
<br />34
<br />704,000
<br />51,296
<br />6
<br />17
<br />885,333
<br />25,648
<br />3
<br />Without Abatement: $905,222
<br />With Abatement: 374,159
<br />Amount Abated: 531,064
<br />10 YEAR Real Property Abatement Schedule
<br />Total estimated Project Cost: $3,200,000
<br />Base Assessed Value: $1,066,667
<br />Assume constant tax rate of: 14.1441
<br />Year
<br />1
<br />2
<br />3
<br />4
<br />5
<br />6
<br />8
<br />9
<br />10
<br />% Abated
<br />100
<br />95
<br />80
<br />65
<br />50
<br />40
<br />30
<br />20
<br />10
<br />5
<br />Assessed
<br />Value
<br />$0
<br />53,333
<br />213,333
<br />373,333
<br />533,333
<br />640,000
<br />746,667
<br />853,333
<br />960,000
<br />1,013,333
<br />Without Abatement:
<br />With Abatement:
<br />Amount Abated:
<br />Tax
<br />Abated
<br />$150,870
<br />143,327
<br />120,696
<br />98,066
<br />75,435
<br />60,348
<br />45,261
<br />30,174
<br />15,087
<br />7.544
<br />$1,508,704
<br />761,896
<br />746,808
<br />Tax
<br />Paid
<br />$0
<br />22,631
<br />51,296
<br />75,435
<br />99,574
<br />125,222
<br />Tax
<br />Paid
<br />$0
<br />7,544
<br />30,174
<br />52,805
<br />75,435
<br />90,522
<br />105,609
<br />120,696
<br />135,783
<br />143,327
<br />5761,896
<br />16- Nov -92
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