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2 YEAR Vacant Building <br /> Appletree Associates,LP <br /> Tax Key Number 025-1006-030101 <br /> Current Assessed Value: 869,300.00 <br /> Estimated Project Cost: 0.00 100% <br /> Current Without 100% 50% <br /> Assessed Value AV&Tax Abatement Year 1 Year 2 <br /> Current Assessed Value 100% 869,300.00 869,300.00 869,300.00 869,300.00 <br /> Base Assessed Value 100% 0.00 0.00 0.00 <br /> Less Abatement Deduction (869,300.00) (434,650.00) <br /> Net Assessed Value 869,300.00. 869,300.00 0.00 434,650.00 <br /> Property Taxes <br /> Assumed Constant tax rate of 5.4628% 5.4628% 5.4628% 5.4628% <br /> Gross Tax(tax rate x net assessed value) 47,487.78 47,487.78 0.00 23,743.89 <br /> Less Circuit Breaker Credit (16,021.78) (16,021.78) 0.00 0.00 <br /> Net Tax 31,466.00 31,466.00 0.00 23,743.89 <br /> Circuit Breaker Cap <br /> Circuit Breaker 3.0000% 26,079.00 26,079.00 26,079.00 26,079.00 <br /> Debt Service 0.6197% 5,387.00 5,387.00 5,387.00 2,693.50 <br /> Circuit Break Cap 31,466.00 31,466.00 31,466.00 28,772.50 <br /> Combined <br /> Existing New Project Existing& Tax Net Tax <br /> Year Taxes Taxes New Taxes Abated Paid <br /> 1 31,466.00 0.00 31,466.00 31,466.00 0.00 <br /> 2 31,466.00 0.00 31,466.00 7,722.11 23,743.89 <br /> Totals 62,931.99 0.00 62,931.99 39,188.10 23,743.89 <br /> *This schedule is for estimation purposes only and assumes constant tax rates.The true tax values <br /> will ultimately be determined by the actual assessed valuation and the then current tax rate. <br />