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<br /> Hoosier Energy's Indiana Tax Abatement Estimator Page 1 oft '
<br /> Indiana Property Tax Estimator 1
<br /> Morgan County,MOORESVILLE TOWN,Tax Dlatrlct No:55005
<br /> Tax Rate(0011):$0434
<br /> Project Memo:Vegas
<br /> REAL PROPERTY
<br /> Cost of Real Property:$20,316,900.00
<br /> With Abatement Without Abatement
<br /> circuit Circuit Estimated
<br /> Breaker Net Breaker Net Tax
<br /> Property Tax Property Property Tax Property Abatement
<br /> Taxes Credit Taxes Taxes credit Taxes Savings
<br /> Year 1 $0 $0 $0 $374,522 $0 $374,522 $374,522
<br /> Year 2 $18,726 $0 $10,726 $374,522 $0 $374,522 $355,796 ,
<br /> Year 3 $74,904 $0 $74,904 $374,522 $0 $374,522 $299,618
<br /> Veer 4 $131,083 $0 $131,083 $374,522 $0 $374,522 $243,439
<br /> Years $187,261 $0 $107,261 $374,522 $0 $374,522 $187,261
<br /> Year 6 $224,713 $0 $224,713 $374,522 $0 $374,522 $149,809
<br /> Year? $262,165 $0 $262,165 $374,522 $0 $374,522 $112,357
<br /> Year8 $299,617 $0 $299,617 $374,522 $0 $374,522 $74,905
<br /> Year 9 $337,070 $0 $337,870 $374,522 $0 $374,522 $37,452
<br /> Year 10 $355,796 $0 $355,796 $374,522 $0 $374,522 $18,726
<br /> Totals $1,891,335 $0 $1,891,335 $3,745,218 $0 $3,745,220 $1,853,885
<br /> Note,The tales used in Idea lex abatement c&kenklor are tedlflerd 2016 ales tailless otherwise noted).Taxing dlthists wilt
<br /> be lspdaltd when the D&GF certifies the 201Drates. •
<br /> DISCLOSURES
<br /> lies abatement mlculatfons won prepared by tOnhouoh,a ellmldel consullne Rem in conjunction wen(loonier Rntrey,bated on
<br /> current State statute. This calculation k intended tie provide Cr,In VSTMTIVE and PRELIMINARY Indkellon 01 the level 01
<br /> property taxes arid potential lax eavlagc for a proposed intentmnm based en certain etuumpllons Please read the Rltcloeums
<br /> carefully.
<br /> Coolpanles must consul)Their own lax advlsors to delwml*hid,actual tax liability and to prepare their annual Indiana
<br /> mpeny tax Minas.So be eligible to receive property lax abatements In Indiana,IC4mponymint Maw aspecific applkationprocess. Pleats
<br /> conlaa your ltomes 2012 posner Easty reprotentnttve for farther ,want..
<br /> Actualacoesed value of property 2013 stctre will be dntetax rates as mioed by thcate&as e Moil elan or apoed by the ncompment atnMdi6s Value entma mst
<br /> different hom the value provided in lids enlnwte, y pan compiellon.Thtvamemay be maleYlPly
<br /> Real properly In Indian Is enaferl to annual adjustments of assorted value to the market value of the strecn,m Lased on annual
<br /> sales dale("irendng"),no adjustments for Trending are made In this estimate,
<br /> • Al persona property(equipment)Is assumed to be new,end is assumed to be depreciated for property tax purposes In Pool 02
<br /> (aceraerdepx evmpe msu)..A mixture el new end texisaag equipment(as welt as amhture or depreciationpools)we produce
<br /> •Assumes a tom-time investment In reel end personal prepeety Stxg5a4eptha Investmenle'nay baro If matea,'ellect on leo
<br /> attuai value of property tax abatements.
<br /> •lncsdes the calculcibn or the MinimumVerso Ratio(MVR)tot the abatement cakelatfen nor personal property lnveetmenta,The
<br /> dapectetiien Tho Tim HYk*wait theadjuised asseed In ssed vethre aimilm WA 1pordl,[Ned Swayerkeublected Tonedthe v6
<br /> Inn eatp 1pmont. by paehead Throned vetoed
<br /> Maude,'she spptkaetorr of the Otxue Dresser Tax Credit,sdakh holes the total pmpedy hex Nahiay era taxpayerfe 3.PMN01
<br /> Die gross assessed value of real and pnnannl peepnnty,beginning with tarot payable in 2010.
<br /> •TIIC lex abatement salines value tan ESTIMATE bused on preliminary iMwmatlon entered into Ort atmleler.Actual
<br /> abatement savings may vary matewally from the results of ably nalcdalop based on Ws timing of are Investment,tine aloof
<br /> assessment M Structures ancluding Trending),differences In the depreciation pooh(or personal property,ennum ta
<br /> ndlenges x
<br /> rates,adoption of n local option Income tax for property lox relief purposes,changes to Indiana property ex law or repulalioru,
<br /> or chanes In etsexsmene methodology.
<br /> • The mantis of this calculator should lie treated as en ESTIMATE.amellebte for llMstrative purposesonly,eel should be bunted et
<br /> An estimate
<br /> geared discussing,negotiating and Meting IncentIvetl and should be noted as such In memoranda end Inert
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<br /> http://www.hepn.comtedtcalculatortindiana.asp?gsProcess=caic 4/2/2014
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