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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 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 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 61,4$4 .38% 23,364 38,120 <br />7 1,530,000 78,547 17,063 61,484 25°Io 15,371 46,113 <br />8 1,530,000 78,547 17,063 61,484 13% 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 />