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Tax Abatement Schedule prepared for: ~s-Mar-os <br />HERAEUS KUZLER, INC. <br />South Bend Centre Township 4 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 85% 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 $0 <br />2 1,530,000 78,547 17,063 61,484 75% 46,113 15,371 <br />3 1,530,000 78,547 17,063 61,484 50% 30,742 30,742 <br />4 1,530,000 78,547 17,063 61,484 25% 15,371 46,113 <br />$245,936 $153,710 $92,226 <br />Total Taxes Due During Abatement: ~ 245,936 <br />Total Taxes Abated During Abatement: 153,710 <br />Total Taxes Paid During Abatement: 92,226 <br />' -This schedule is for estimation purposes only and assumes constant tax rates. <br />The true tax values wilt ultimately be determined by the actual <br />assessed valuation and the then current tax rates. <br /> <br />