|
Tax Abatement Schedule prepared for: 2/8/2008
<br /> LAKE MICHIGAN MAILERS
<br /> (JADE ELEPHANT HOLDING, LLC) ,
<br /> WITHOUT VEHICLE
<br /> South Bend German 5 Year Personal Property Abatement Schedule* •
<br /> Total estimated Equipment Cost: $1,150,873
<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% 460,349 460,349 $23,651 1,671 $21,980 100% $21,980 $0
<br />• 2 56% 644,489 644,,489 $33,111 2,339 $30,772 80% $24,618 $6,154
<br />3 42% 483,367 483,367 $24,833 1,754 $23,079 60% $13,847 $9,232
<br />4 32% 368,279 368,279 $18,921 1,337 $17,584 40% $7,034 $10,551
<br />5 24% 276,210 276,210 $14,191 1,002 $13,189 20% $2,638 $10,551
<br /> $114,707 8,102 $106,605 $70,117 $36,488
<br /> Total Taxes Due During Abatement: $106,605
<br /> Total Taxes Abated During Abatement: $70,117 '
<br /> Total Taxes Paid During Abatement: $36,488
<br />
<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.
<br />
|