4811-19 Confirming Real Property Tax Abatement for Five Corners, LLC

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SECTION V-FOR AREAS EXCEPT FORA RESIDENTIALLY DISTRESSED AREA WHERE THE STATEMENT OF BENEFITS WAS . ,... . . ,, APPROVED BEFORE JULY 1,2013.;6 DED JCTION SCHEDULE PER IC 6-1.1.12.1-17 ,. YEAR OF DEDUCTION/ASSESSED VALUE/PERCENTAGE/DEDUCTION* YEAR OF DEDUCTION/ASSESSED VALUE/PERCENTAGE/DEDUCTION** (1)For deductions allowed over a one(1)year period: (8)For deductions allowed ever a eight(8)year period: 1 20_pay 20_ $ 100% * % $ 1 20 pay 20_ $ 100% " % $ (2)For deductions allowed over a two(2)year period: 2 20 pay 20 $ 88% * % $ 3 20 pay 20 $ 75% * % $ 1 20_pay 20_ $ 100% * % $ 4 20_pay 20_ $ 63% *_% $ 2 20_pay 20_ $ 50% *_% $ 5 20_pay 20 $ 50% * % $ 6 20_pay 20_ $ 38% * % $ (3)For deductions allowed over a three(3)year period: 7 20_pay 20_ $ 25% * % $ 1 20_pay 20_ $ 100% *_% $ 8 20_pay 20_ $ 13% *_% $ 2 20_pay 20_ $ 66% *_% $ 3 20_pay 20_ $ 33% * % $ (9)For deductions allowed over a nine(9)year period: 1 20_pay 20_ $ 100% * % $ (4)For deductions allowed over a four(4)year period: 2 20_pay 20_ $ 88% * % $ 1 20_pay 20_ $ 100% *_% $ 3 20_pay 20_ $ 77% * % $ 2 20_pay 20_ $ 75% *_% $ 4 20_pay 20_ $ 66% * % $ 3 20 pay 20_ $ 50% *_% $ 5 20_pay 20_ $ 55% * % $ 4 20 pay 20_ $ 25% *_% $ 6 20_pay 20 $ 44% * % $ (5)For deductions allowed over a five(5)year period: 7 20_pay 20_ $ 33% '_% $ 8 20_pay 20_ $ 22% '_% $ 1 20 pay 20_ $ 100% *_% $ 9 20_pay 20 $ 11% * % $ 2 20_pay 20 $ 80% * % $ 3 20_pay 20_ $ 60% * o $ (10)For deductions allowed over a ten(10)year period: 4 20_pay 20_ $ 40% *_% $ 1 20 pay 20. $ 100% * % $ 5 20_pay 20,....... $ 20% *_% $ 2 20_pay 20_ $ 95% *_% $ (6)For deductions allowed over a six(6)year period: 3 20_pay 20_ $ 80% * % $ 4 20_pay 20 $ 65% " % $ 1 20 pay 20........ $ 100% *_% $ 5 20 pay 20 $ 50% *_% $ 2 20_pay 20_ $ 85% *_% $ 6 20_pay 20_ $ 40% * % $ 3 20 pay 20_ $ 66% "_% $ 7 20 pay 20_ $ 30% * % $ 4 20_pay 20 $ 50% * % $ 8 20_pay 20_ $ 20% * % $ 5 20 pay 20.......... $ 34% *_% $ 9 20_pay 20 $ 10% * % $ 6 20_pay 20 $ 17% *_% $ 10 20_pay 20_ $ 5% * % $ (7)For deductions allowed over a seven(7)year period: NOTE: The deduction percentages shown in this section apply to a 1 20_pay 20 $ 100% * % $ statement of benefits approved before July 1, 2013 that did not 2 20_pay 20 $ 85% • °/, $ have an alternative deduction schedule adopted by the designating body.All other abatements shall use the percentages 3 20_pay 20 $ 71% *_% $ reflected in the abatement schedule adopted by the designating 4 20_pay 20 $ 57% * % $ body per IC 3-1.1-12.1-17. 5 20_pay 20_ $ 43% *_% $ 6 20_pay 20 $ 290/, * % $ * The amount of the deduction shall be adjusted annually to reflect changes $ to the assessed valuation resulting from a reassessment or an appeal of 7 20_ pay 20_ $ 14% * % the assessment per lC 6-1.1-12.1-4(b). SECTION VI-FOR A RESIDENTIALLY DISTRESSEDAREA WHERE THE.STATEMENT OF BENEFITS WAS APPROVED BEFORE JULY 1,2013 , DEDUCTION SCHEDULE PER IC 6-1.1 12.1-17 TYPE OF DWELLING DEDUCTION IS THE LESSER OF: DEDU YEAR PER OCTION IS LDOTHAT INC UDEWED FOR A IS E(5) [IC 6-1.1-12.1-4.1(b)] YEARS: ❑ One(1)family dwelling Assessed value(after rehabilitation or redevelopment) $ or$74,880 AV pay through ❑ Two(2)family dwelling Assessed value(after rehabilitation or redevelopment) $ or$106,08 ° ti. d3a 1. l lfAfdagR p y ❑ Three(3)unit multifamily dwelling Assessed value(after rehabilitation or redevelopment) $ or$156,000 pay_thr�gfi n','1 pa _ APR 1 ❑ Four(4)unit multifamily dwelling Assessed value(after rehabilitation or redevelopment) $ or$199,680' `pay through�.f Assessed value limits for taxes due and payable prior to January 1,2005 were$36,000,$51,000,$75,000,and$96,00 c for one LI, *farputif Areld ;,r=_,„;ss I) SECTION VII-APPROVAL OF COUNTY AUDITOR COMPLETE ONLY IF ''R ERIK. i 1 - This application is approved in the amounts shown above. �� Signature of County Auditor Printed name of County Auditor Date signed(month,day,year) Page 2 of 2