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17.What is•your best estimate of the amount of taxes to be abated during each of the five <br /> years after installation? <br />South Bend German 5 Year Personal Property Abatement Schedule'' <br /> Total estimated Equipment Cost: ~ $1,216,873 <br /> Assume constant tax rate of: 5.1376 <br /> Assume constant SRTC rate of: 7.0636 <br /> TTV Assessed Gross Less Net Percent Tax Tax <br />Year TTV% (Year 1-5) Value Tax SRTC : , Tax Abated Abated Paid <br />1 40% 486;749 486,749 $25,007 1,766 $23,241 100% $23,241 $0 <br />2 56% 681,449 681,449 $35,010 2,473 $32,537 80% $26,030 $6,507 <br />3 42% 511;087 511,087 .$26,258 1,855 $24,403 60% $14,642 $9,761 <br />4 32% 389,399 389,399 i : $20,006 1,413. $18,593 40% $7,437 $11,156. <br />5 24% 292,050 292,050 ~ $15,004 1,060 $13,944. 20% $2,789 $11,155 <br /> $121,285 8,567 $112,718 $74,138 $38,580 <br /> Total Taxes Due During Abatement: $112,718 <br /> Total Taxes Abated During Abatement: $74,138 <br /> Total Taxes Paid During Abatement: $38,580 _ <br />