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James F. and Sandra McCune
<br />Comparison of Taxes Abated & Paid
<br />Before HEA 1001 & After 1001
<br />Existing AV 306,200
<br />New Project Cost 203,500
<br />New Project AV 172,975
<br />Before HEA 1001
<br /> New Combined Net
<br /> Existing Project Existing Tax Tax
<br />Year Taxes Taxes Vew Taxes Abated Paid
<br />1 12,140 6,858 18,998 6,858 12,140
<br />2 12,140 6,858 18,998 5,144 13,854
<br />3 12,140 6,858 18,998 3,429 15,569
<br />4 12,140 6,858 18,998 1,715 17,283
<br />Totals 48,560 27,432 75,992 17,146 58,846
<br />After HEA 1001
<br /> New Combined Net
<br /> Existing Project Existing Tax Tax
<br />Year Taxes Taxes Vew Taxes Abated Paid
<br />1 10,863 6,137 17,000 3,828 13,171
<br />2 10,863 6,137 17,000 1,968 15,031
<br />3 10,863 6,137 17,000 474 16,526
<br />4 10,863 6,137 17,000 237 16,763
<br />Totals 43,452 24,547 67,999 6,507 61,491
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