|
•
<br /> 10 YEAR
<br /> 6-Dec-I5
<br /> •
<br /> Ontario Partners, LLC
<br /> South Bend German Township
<br /> Real Properly Tax Abatement Schedule*
<br /> Tax Key Number 025-1010-017001
<br /> Current Assessed Value: 7,000
<br /> Estimated Project Cost 7800000
<br /> Aa?eA6ed Value Current WAbout 100% 95% 80% 65%
<br /> Conant Assessed Value AVBTax 8tel�Il1 Year Year Year Year4 Year 40% 30% 20% 10% 5%
<br /> 100% 7,000 7,000 7,000 7,000 7,000 7,000 7500 7,000,006 7,507 7600 7,000 Year 10
<br /> Base Assessed Value 85% 6,830,000 8,830,000 6630,000 6,630000 6,630,000 6,630,000 8,630500 6,630,000 6,630.000 6,630,000 6,630,000
<br /> Less Abatement Deduction 0 (6,630.000) (6,298,500) (5,304600) (4,309,500) (3,315,000) (2,852.000) (1,989500) (1,328,000) (663,000) (331.500)
<br /> Net Assessed Value 7,000 8,637.000 7,000 338.500 1,333.000 2,327,500 3,322500 3.
<br /> PmoalvTne - 986000 4,848,000 5,311,000 5,814.000 6,305.500
<br /> Assume constant tax rate of 5.4828% 5.4628% 5.4628% 5.4828% 5.4828% 5.4628% 5.4628% 5.4628% 5.4528% 5.4628% 5.4628% 5.4628%
<br /> Gross Tax(tax ralex net Messed value) 382 362,563 382 18,491 72,819 127,146 181,473 217,691 253,909 296127 326345 344,454
<br /> Less Circuit BreakerCredt (129) (122,324) 0 0 0
<br /> 253 240,239 382 18,491 72,819 127,146 181473 21691 227,913 232022 236,130) (238,185
<br /> Circuit Breaker Cap
<br /> Circuit Breaker 3.0000% 210 199,110 199,110 199,110 199,110 199,110 199,110 199,110 199,110 199,110 199,110 199,110
<br /> Debise^'ice 0.6197% 43 41,129
<br /> Grant Brakercep 43 2,098 8.261 13,533 19,636 24,695 28,803 32,912 37,020 39,075
<br /> 253 240,239 192,153 201,208 207.371 213,533 219696 223,805
<br /> 227,913 232022 .236130 238,185
<br /> New Combined Net
<br /> Y.= E+dTsing Protect Existing New Tax Tax
<br /> IsEes Iexa1 Abated Pall
<br /> 1 253 239,986 240.239 239,857 382
<br /> 2 253 239.986 240,239 221,748 18,491
<br /> 3 253 239,988 240,239 187,420 72,819
<br /> 4 253 239,986 210,239. 113,093 127,146
<br /> 5 259 239,986 240,239 58,786 181,473
<br /> 6 253 239,986 240,239 22,548 217,691
<br /> 7 253 239,988 240,239 12,326 227,913
<br /> e 253 239,988 240.239 8,217 232,022
<br /> 9 253 239,988 240,239 4,109 236,130
<br /> 10 253 239,986 240,239 2,054 238,185
<br /> Totals 2,534 2,399,857 240/2391 850,138 t552,253
<br /> 'This schedule isloreslmatkm purposes only and assume,constants%rates.The Imo tax values
<br /> will ultimately be determined by the actual assessed vehmeon and the then current tax rates.
<br />
|