|
Tax Abatement Schedule prepared for: 19-Mar-os
<br />HERAEUS KUZLER, INC.Company Name
<br />South Bend Centre Township 8 Year Real Property Abatement Schedule*
<br />Total estimated Project Cost: $1,800,000
<br />Base Assessed Value: $1,530,000
<br />(base assessed value is estimated at 8 5% of project cost)
<br />Assume constant tax rate of: 5.1338%
<br />Assume constant SRTC of: 21.7230%
<br />Assessed Gross Less Net Percent Tax Tax
<br />Year Value Tax SRTC Tax Abated Abated Paid
<br />1 1,530,000 78,547 17,063 61,484 100% 61,484 D
<br />2 1,530,000 78,547 17,063 61,484 88% 54,106 7,378
<br />3 1,530,000 78,547 .17,063 61,484 75% 46,113 15,371
<br />4 1,530,000 78,547 17,063 61,484 63% 38,735 22,749
<br />5 1,530,000 78,547 17,063 61,484 50% 30,742 30,742
<br />6 1,530,000 78,547 17,063 61,484 38% 23,364 38,120
<br />7 1,530;000 78,547 17,063 61,484 25% 15,371._ .. _=46,113
<br />8 1,530,000 78,547 17,063 61,484 13% _
<br />7,993 53,491
<br /> $491,872 $277,908 $213,964
<br />Total Taxes Due During Abatement: $491,872
<br />Total Taxes Abated During Abatement: 277,908
<br />Total Taxes Paid During Abate ment: 213,964
<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 />
|