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Tax Abatement Schedule prepared for: ~$-Jul-os
<br />LNW PARTNERS, LLP, d/b/a W R XHIBITS, INC.
<br />South Bend German Township 7 Year Real Property Abatement Schedule'
<br /> Total estimated Project Cost: $300,000
<br /> Base Assessed Value: $255,000
<br />(bas e assessed value is estimated at 85% of proj ect cost)
<br /> Assume constant tax rate of: 5.1376%
<br /> Assume constant SRTC of: 21.7293%
<br /> Assessed Gross Less Net Percent Tax Tax
<br />Year Value Tax SRTC Tax Abated Abated Paid
<br />1 $255,000 $13,101 $2,847 $10,254 100% $10,254 $0
<br />2 255,000 13,101 2,847 10,254 85% 8,716 1,538
<br />3 255,000 13,101 2,847 10,254 71% 7,280 2,974
<br />4 255,000 13,101 2,847 10,254 57% 5,845 4,409
<br />5 255,000 13,101 2,847 10,254 43% 4,409 5,845
<br />6 255,000 13,101 2,847 10,254 29% 2,974 7,280
<br />7 255,000 13,101 2,847 10,254 14% 1,436 8,818
<br /> $71,778 $40,914 $30,864
<br /> Total Taxes Due During Abatement: $71,778
<br /> Total Taxes Abated During Abatement: 40,914
<br /> Total Taxes Paid During Abatement: 30,864
<br />-This schedule is for estimation purposes only and assumes constant tax rates.
<br />The true tax values will ultimately be determined by the actual
<br />assessed valuation and the then current tax rates.
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