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Tax Abatement Schedule prepared for: 13- Jun -00
<br />DSM HOLDING. LLC (dba DELUXE SHEET METAL)
<br />South Bend German Township 10 Year Real Property Abatement Schedule"
<br />Total estimated Project Cost:
<br />$2,575,200
<br />Base Assessed Value:
<br />$858,400
<br />(for base assessed value - assume
<br />1/3 project cost)
<br />Assume constant tax rate of
<br />17.6558
<br />Assume constant SRTC of
<br />15.6145
<br />Assessed Gross
<br />Less
<br />Net
<br />Percent
<br />Tax
<br />Tax
<br />Year Value Tax
<br />SRTC
<br />Tax
<br />Abated
<br />Abated
<br />Paid
<br />1 $858,400 $151,557
<br />$23,665
<br />$127,892
<br />100%
<br />$127,892
<br />$0
<br />2 858,400 151,557
<br />23,665
<br />127,892
<br />95%
<br />121,498
<br />6,395
<br />3 858,400 151,557
<br />23,665
<br />127,892
<br />80%
<br />102,314
<br />25,578
<br />4 858,400 151,557
<br />23,665
<br />127,892
<br />65%
<br />83,130
<br />44,762
<br />5 858,400 151,557
<br />23,665
<br />127,892
<br />50%
<br />63,946
<br />63,946
<br />6 858,400 151,557
<br />23,665
<br />127,892
<br />40%
<br />51,157
<br />76,735
<br />7 858,400 151,557
<br />23,665
<br />127,892
<br />30%
<br />38,368
<br />89,525
<br />8 858,400 151,557
<br />23,665
<br />127,892
<br />20%
<br />25,578
<br />102,314
<br />9 858,400 151,557
<br />23,665
<br />127,892
<br />10%
<br />12,789
<br />115,103
<br />10 858,400 151,557
<br />23,665
<br />127,892
<br />5%
<br />6,395
<br />121,498
<br />$1,278,925
<br />$633,068
<br />$645,857
<br />Total Taxes Due During Abatement:
<br />$1,278,925
<br />Total Taxes Abated During Abatement:
<br />$633,068
<br />Total Taxes Paid During Abatement:
<br />$645,857
<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 />FEad In Clerk's Office
<br />JUN 2 1 2000
<br />LOST MA J. OOM
<br />COPY OLEM, 60. BEND, IN,
<br />
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