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Tax Abatement Schedule prepared for: <br />ODYSSIAN TECHNOLOGY <br />South Bend Portage 5 Year Personal Property Abatement Schedule* <br />Total estimated Equipment Cost: $147,800 <br />Assume constant tax rate of: 5.1524 <br />Assume constant SRTC rate of: 7.0433 <br /> TTV Assessed Gross Less Net Percent Tax <br />Year TTV% (Year 1-5) Value Tax SRTC Tax Abated Abated <br />1 0.40 $59,120 $59,120 $3,046 $215 2,831 100% $2,831 <br />2 0.56 $82,768 $82,768 $4,265 $300 3,965 80% $3,172 <br />3 0.42 $62,076 $62,076 $3,198 $225 2,973 60% $1,784 <br />4 0.32 $47,296 $47,296 $2,437 $172 2,265 40% $906 <br />5 0.24 $35,472 $35,472 $1,828 $129 1,699 20% $340 <br /> $14,774 $1,041 13,733 $9,033 <br />Total Taxes Due During Abatement: <br />Total Taxes Abated During Abatement: <br />Total Taxes Paid During Abatement: <br />$13,733 <br />$9,033 <br />$4,701 <br />2-Apr-07 <br />Tax <br />Paid <br />$0 <br />$793 <br />$1,189 <br />$1,359 <br />$1,359 <br />$4,701 <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 />