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Tax Abatement Schedule prepared for: <br />TRIANGLE MACHINE, INC. <br />South Bend Portage 5 Year Personal Property Abatement Schedule* <br /> Total estimated Equipment Cost: <br /> Assume cons tant tax rate of: <br /> Assume constant SRTC rate of: <br /> TTV Assessed Gross Less <br />Year TTV% (Year 1-5) Value Tax SRTC <br />1 0.40 $30,342 $30,342 $1,563 $110 <br />2 0.56 $42,479 $42,479 $2,189 $154 <br />3 0.42 $31,860 $31,860 $1,642 $116 <br />4 0.32 $24,274 $24,274 $1,251 $88 <br />5 0.24 $18,205 $18,205 $938 $66 <br /> $7,583 $534 <br />Total Taxes Due During Abatement: <br />Total Taxes Abated During Abatement: <br />Total Taxes Paid During Abatement: <br />$75,856 <br />5.1524 <br />7.0433 <br />Net Percent Tax <br />Tax Abated Abated <br />1,453 100% $1,453 <br />2,035 80% $1,628 <br />1,526 60% $916 <br />1,163 40% $465 <br />872 20% $174 <br />7,049 $4,636 <br />$7,049 <br />$4,636 <br />$2,413 <br />4-Mar-08 <br />Tax <br />Paid <br />$0 <br />$407 <br />$611 <br />$698 <br />$698 <br />$2,413 <br />-This schedule is for estimation purposes only and assumes constant tax rates. <br />The true tax values wilt ulimately be determined by the actual <br />assessed valuation and the then current tax rates. <br />