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04-28-08 Council Meeting Agenda & Packet
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04-28-08 Council Meeting Agenda & Packet
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9/12/2012 9:26:17 AM
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4/24/2008 2:09:36 PM
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
4/28/2008
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Tax Abatement Schedule prepared for: 16- Apr -08 <br />Force 5 Media <br />NON- RENTAL PORTION <br />South Bend Portage Township 2 Year Real Property Abatement Schedule* <br />Total estimated Project Cost: $250,000 <br />Base Assessed Value: $141,884 <br />(base assessed value is estimated at 85% of project cost) <br />Assume constant tax rate of: 5.1524% <br />Assume constant SRTC of: 21.6906% <br />Assessed Gross Less Net <br />Year Value Tax SRTC Tax <br />1 $141,884 $7,310 $1,586 $5,724 <br />2 141,884 7,310 1,586 5,724 <br />3 0 0 0 0 <br />Total Taxes Due $11,448 <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 />
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