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5 YEAR 21- May -14 <br />LInc01n Park <br />SOUMBe.xl Porla9e Tpwns'O,p <br />ResidenLN Re.al FOparly Tax Avelemere SCnao,si <br />Estimated Project Cost'. $t %35,gio -D <br />Tjh,l T &Tp Tax Abated' Tax Paid-_' <br />Assessed Value' <br />Structure (% AV of Cost) <br />1000.4 <br />10539D.00 <br />19539000 <br />10539000 <br />Land Value <br />20.000 <br />20.00000 <br />NIA <br />NIA <br />Gross Assessed Value <br />215.390.00 <br />195.390.00 <br />195.39000 <br />Less Mortgage Exemplun <br />(]000 00) <br />(3.000.00) <br />(3.00000) <br />Less Homestead Deduction <br />(45.00000) <br />(45.000.00) <br />(45.00000) <br />Less Supplemental Homestead Deduction <br />(59.63650) <br />(59.63650) <br />(59636.(0) <br />Bata Assessed Value <br />107753.50 <br />89,75350 <br />87,75350 <br />Less Maximum Abatement Deduction <br />NIA <br />NIA <br />74.880.00) <br />Less Non- Abated Amount <br />NIA <br />(12,87350) <br />NIA <br />Pus Land Assessed Value <br />NIA <br />NIA <br />20.00000 <br />Net Assessed Value <br />10775350 <br />7488000 <br />32.87350 <br />P(OOerl. Taxes <br />Assume constant tax rate of <br />50228% <br />50228/ <br />50228% <br />Gross Tan, (tax rate x net assessed value) <br />541222 <br />376105 <br />1.651 it <br />Less C ounly COTT Homestead Credit <br />7IM309 <br />(397 42T <br />(276.17) <br />(121 24) <br />Tax Dub Before Circuit Bleaker <br />5014.80 <br />3,48488 <br />1.52992 <br />Less Cleft Bleaker Credit <br />(231599) <br />(2.315.99) <br />000 <br />Nei Tax <br />2,698.81 <br />1.16669 <br />1,52992 <br />CbN4 Breaker Cap <br />Cacwt Breaker <br />Tom% <br />2.153.90 <br />195390 <br />2.15390 <br />Debttiluocs <br />0.505791. <br />544.91 <br />318.67 <br />166.24 <br />Circuit Brake, Cap <br />2.69881 <br />2.332.57 <br />2,320.14 <br />Net <br />Treat <br />A55essed <br />Taxes <br />Tax <br />Tax <br />Year <br />Value <br />Due <br />Abated <br />Paid <br />1 <br />10],75350 <br />2698.81 <br />116889 <br />1.52992 <br />2 <br />107]53.50 <br />2.69881 <br />116889 <br />1529.92 <br />3 <br />107]5150 <br />2.69881 <br />116889 <br />1,52992 <br />4 <br />107.753.50 <br />2.69061 <br />1.16809 <br />1.52992 <br />5 <br />10735350 <br />2.69881 <br />1.16889 <br />1529.92 <br />5yea, miss. <br />13.49405 <br />5.84466 <br />]649 59 <br />'This schedulela for estimation pulposes only and assumes constant tax rates The True lax values <br />vrlll ultimately be determined by the actual assessed valuation and the, Men current tax fates <br />'Tax Abated is capped at 574.880 of assessed value of structures only and does nol mUude and <br />assessed value <br />- "Tax Paid is Calculated using Me difference beereen actual assessed valve of structure and <br />maximum scaled ,ortmn of S74.B80 and adding back the land assessed valve <br />24 r 4.689.360rrma., <br />11a2 ra. art -e- 24 <br />rax+ a N .Pa <br />ar AOa, I- ,Gla- <br />28.053 36.718 <br />28.053 36.718 <br />28,053 36.718 <br />28.053 36.718 <br />28.053 36.718 <br />140.267 183.590 <br />