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Tax Abatement Schedule prepared for: 17- Apr -01
<br />GTA CONTAINERS, INC.
<br />South Bend Portage 5 Year Personal Property Abatement Schedule*
<br />Total estimated Equipment Cost: $300,000
<br />Assume constant tax rate of: 18.8638
<br />Assume constant SRTC rate of: 15.1622
<br />Total Taxes Due During Abatement: $31,047
<br />Total Taxes Abated During Abatement: $20,421
<br />Total Taxes Paid During Abatement: $10,626
<br />* - This schedule is for estimation purposes only and assumes constant tax rates.
<br />The true tax values will ulimately be determined by the actual
<br />assessed valuation and the then current tax rates.
<br />Filed in Clerk's Office
<br />LORB'tU J. Ot➢09,
<br />WY CLEM B0. BLEND,. IN
<br />TTV
<br />Assessed
<br />Gross
<br />Less
<br />Net
<br />Percent
<br />Tax
<br />Tax
<br />Year
<br />TTV%
<br />(Year 1 -5)
<br />Value
<br />Tax
<br />SRTC
<br />Tax
<br />Abated
<br />Abated
<br />Paid
<br />1
<br />40%
<br />$120,000
<br />$40,000
<br />$7,546
<br />$1,144
<br />$6,402
<br />100%
<br />$6,402
<br />$0
<br />2
<br />56%
<br />168,000
<br />56,000
<br />10,564
<br />1,602
<br />8,962
<br />80%
<br />7,170
<br />1,792
<br />3
<br />42%
<br />126,000
<br />42,000
<br />7,923
<br />1,201
<br />6,722
<br />60%
<br />4,033
<br />2,689
<br />4
<br />32%
<br />96,000
<br />32,000
<br />6,036
<br />915
<br />5,121
<br />40%
<br />2,048
<br />3,072
<br />5
<br />24%
<br />72,000
<br />24,000
<br />4,527
<br />686
<br />3,841
<br />20%
<br />768
<br />3,072
<br />$36,596
<br />$5,549
<br />$31,047
<br />$20,421
<br />$10,626
<br />Total Taxes Due During Abatement: $31,047
<br />Total Taxes Abated During Abatement: $20,421
<br />Total Taxes Paid During Abatement: $10,626
<br />* - This schedule is for estimation purposes only and assumes constant tax rates.
<br />The true tax values will ulimately be determined by the actual
<br />assessed valuation and the then current tax rates.
<br />Filed in Clerk's Office
<br />LORB'tU J. Ot➢09,
<br />WY CLEM B0. BLEND,. IN
<br />
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