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Tax Abatement Schedule*
<br />919 Notre Dame Ave
<br />Richars S. and Micki L. Kidder
<br />Estimated Project Cost $415,000.00
<br />Assessed Value Total Taxes Tax Abated Tax Paid
<br />Structure (assume 85% of project cost) $352,750.00 $352,750.00 $352,750.00
<br />Land $11,600.00 N/A N/A
<br />Gross Assessed Value $364,350.00 $352,750.00 $352,750.00
<br />Less Mortgage Exemption ($3,000.00) ($3,000.00) ($3,000.00)
<br />Less Standard Homeowner's Deduction ($35,000.00) ($35,000.00) ($35,000.00)
<br />Base Assessed Value $326,350.00 $314,750.00 $314,750.00
<br />Les Maximum Abatement Deduction NiA N/A ($74,600.00)
<br />Less Non-Abated Amount N/A ($240,150.00) N/A
<br />Plus Land Assessed Value N/A NlA $11,600.00
<br />Net Assessed Value $326,350.00 $74,600.00 $251,750.00
<br />Assumed tax rate 1.16% 1.16% 1.16%
<br />Gross Tax $3,785.66 $865.36 $2,920.30
<br />Less Homestead Tax Credit (20%) ($757.13) ($173.07) ($584.06)
<br />Net Tax $3,028.53 $692.29 $2,336.24
<br />5 Year Tax Schedule
<br />Year Net Assessed Value Total Taxes Due Tax Abated Tax Paid
<br />1 $326,350.00 $3,028.53 $692.29 $2,336.24
<br />2 $326,350.00 $3,028.53 $692.29 $2,336.24
<br />3 $326,350.00 $3,028.53 $692.29 $2,336.24
<br />4 $326,350.00 $3,028.53 $692.29 $2,336.24
<br />5 $326,350.00 $3,028.53 $692.29 $2,336.24
<br /> 5YearTotal $15,142.64 $3,461.44 $11,681.20
<br />*This schedule is for estimation purposes only ans assumes constant tax rates. The true tax values will ultimately be
<br />determined by the actual assessed valuation and the then current tax rates.
<br />~c ,,~ ,~~ t~~t~e
<br />JUL - 2 2008
<br />CiN CLE;3;C,
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