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Hoosier Energy's Indiana Tax Abatement Estimator Page 2 of 2 I
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<br /> kndiana Property Tax Estimator •
<br /> Morgan County,MOORESVILLE TOWN,Tone Distriet No:55005
<br /> Tax Rate(2013):41.0434 •
<br /> Project Name:Vegas
<br /> PERSONAL PROPERTY •
<br /> Cost of Personal Property:$43,450,000.00
<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 $320,383 $0 $320,363 $320,383
<br /> Year 2 $44,854 $0 $44,854 $448,536 $0 $448,536 $403,682
<br /> Year 3 $67,280 $0 $67,280 $336,402 $0 $336,402 $269,122
<br /> Year 4 $76,892 $0 $76,892 $256,306 $0 $256,306 $179,414
<br /> Year5 $96,115 $0 $96,115 $240,287 $0 $240,287 $144,172
<br /> Year 6 $120,144 $0 $120,144 $240,287 $0 $240,287 $120,144
<br /> Year? $144,172 $0 $144,172 $240,287 $0 $240,287 $96,115
<br /> Year 8 $165,201 $0 $168,201 $240,287 $0 $240,287 $72,086
<br /> Year 9 $192,230 $0 $192,230 $240,287 $0 $240,287 $48,057
<br /> Year 10 $216,258 $0 $216,258 $240,287 $0 $240,287 $24,029
<br /> Totals $1,126,146 $0 $1,126,146 $2,803,349 $0 $2,803,351 $1,677,205
<br /> Motor The rates used in the lax abatement calculator are certified 2013 rates(unless otherwise noted),Taxing districts will
<br /> be updated when the 010$cerbhes the,,2013 rates.
<br /> DISCLOSURES
<br /> •The abatement calculations were prepared by Wnhaugh,a Ilnenopl coirtutihrt firm,In conjunction Phil Rooster energy.based on
<br /> cannel State statute.Tilts calada110n is Intended to proale an ILLUSTRATIVE and PRELIMINARY Indkatlon of the level of
<br /> property taxes end poluntlal tax savings for a proposed investment based en certain assumptions. Please read the Disclosures
<br /> carefully.
<br /> Companies mull consult their Own tax advisors to determine Inert aetual tax liability and to prepare their annual Indiana
<br /> Property
<br /> tax
<br /> iblelle r
<br /> •To L e
<br /> eceive 1 tax abatements In Indiana,a Lwn e '
<br /> coned your Roesler Energy rep esentaltve for(driller puldence. I "Y Must Wort specific application process. Please
<br /> Actual assessedes 2 value of13 e�rvdomwill le deln as ermeeddths e locaed by Du Department l Assessor apes completion.
<br /> Thl is
<br /> mat y
<br /> be at
<br /> different foils the value provided In this estimate by wmpleilon. THIS vain meV be materially
<br /> -Real properlyy in Indians M subject en annual edjautananli of assessed value to the market value of 1ha structure based on minuet
<br /> pales ata(Trending%no adjustments for Trending are mane In Ms estimate,
<br /> rs
<br /> • All persona Property(equipment)Is assumed to be new,and Is assumed to be depreciated for property tax purposes In Pool#2
<br /> (5.0 year depreciable life). A mixture of new and exlstIna equipment(as well as a mixture al depreciation pools)will produce
<br /> different tax savings aeeIss.
<br /> -Assumes a one-lane lnvenment In real end personal property. Stagnating the Investments may have a metedelelfoU on the
<br /> actual value of properly lax abatements.
<br /> Includes the calculation of the Minimum Value Paths(MVP)for the abatement Wept:Alm for personal property Investments.the
<br /> dVrecitinornVadj abatement calculation
<br /> when the taxpayer IS subject to
<br /> the 30%
<br /> depreciation for.l increases
<br /> assessed ed assossod value at the30%lep divided by the depreciated mussed value or
<br /> the equipment.
<br /> •Includes the application of line Circuit Rreaher Tax Credit,which Omits Ilia total property las llablIliy ora laxpayarto 300%el
<br /> the press assessed value of real and personalproperty,beginning with taxes payable In 2010.
<br /> • The tan ebalement savings value Is an ESTIMATE based on prellmylary Information entered Into this calculator.Actual
<br /> abatement savings may vary materially from the results of this calculator,baled on the liming of the Investment the actual
<br /> assessment of structures(Including Trending),differences In the depredation pools for personal property,annual changes In tar
<br /> rale,,adoplbn of a local option Income lax for properly lax rage/purposes,rllenpes to DUOana prepeny lax lacer reputations,
<br /> or Manees In assessment methodology.
<br /> The mulls of this calculator should be treated as an ESTIMATE avertable far Illustrative purposes Only,and should be Candied as
<br /> an estimate when discussing,negotiating and offering Incentives;and should be noted as such In meoranda end legal
<br /> documents related thereto.
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<br /> http://www,hepn.coln/ed/calculator/indiana.asp?gsProcess=calc 4/2/2014
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