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Hoosier Energy's Indiana Tax Abatement Estimator Page 1 of 2
<br /> Indiana Property Tax Estimator
<br /> Morgan County,MOORESVILLE TOWN,Tax Olstrkt No:55005
<br /> Tax Rate(2013):$1,0434
<br /> Project Name:Vegas
<br /> REAL PROPERTY
<br /> Cost of Reel property:$6,710,000.00
<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 $123,692 $0 $123,692 $123,692
<br /> Year 2 $6,185 $0 $6,185 $123,692 $0 $123,692 $117,507
<br /> Year 3 $24,738 $0 $24,738 $123,692 $0 $123,692 $98,954
<br /> Year 4 $43,292 $0 $43,292 $123,692 $0 $123,692 $80,400
<br /> Year 5 $61,846 $0 $61,846 $123,692 $0 $123,692 $61,846
<br /> Year 6 $74,215 $0 $74,215 $123,692 $0 $123,692 $49,477
<br /> Year 7 $86,584 $0 $86,584 $123,692 $0 $123,692 $37,108
<br /> Year 8 $98,954 $0 $98,954 $123,692 $0 $123,692 $24,738
<br /> Year 9 $111,323 $0 $111,323 $123,692 $0 $123,692 $12,369
<br /> Year 10 $117,508 $0 $117,508 $123,692 $0 $123,692 $6,184
<br /> Totals $624,645 $0 $624,645 $1,236,921 $0 $1,236,920 $612,276
<br /> Note:The rates used In the tax abatement caketatorara certified 2010 raids(unless otherwise noted).Tax/ng d/sulas will
<br /> be updated When the DLGF ccrt/Nes linen'2010 rates.
<br /> •
<br /> DISCLOSURES
<br /> • The abatement calculations were prepared by Umbauoh a financial consulting limo,lecou)unctlon with Hoosier Energy,based on
<br /> rutrenl State statute.The calculation is Intended to provide an ILLUSTRATIVE and PRELIMINARY indication of 1im revel of
<br /> property texas and potential tax nobles for a proposed Investment bared en cattalo assun,pliee5.Masa read the phdoauKn
<br /> carefully.
<br /> - Companies must consult timely own tax advisors to determine their actual tax liability and to aroma their annual Indiana
<br /> Property tax Mints.
<br /> To 8 eligible to receive property lax abatements in Indiana,a CompaeY nine follow a Welk application Process.Please
<br /> contact your Hoosier Energy representative for further guidance,
<br /> -Assumes 2052 pay 2013 property tax reset ea Indicated,a provided by the Department of Local Government finance. ••
<br /> Actual assessvalue of a structure will be determined wthe local Assasser upon completion.This value may be materially
<br /> different from the value provided In this estimate. •
<br /> Real property In Indiana is tubldcl to annual ad)uelmanla el assessed veils to Ra market value of the structure based on annual
<br /> ales data( lending"),no adjustments for Trending are made in(Iris estimate.
<br /> All personal properly(equipment)It assumed to he now,and Is assonxd to be depredated far property tax purposes In peel a2 •
<br /> (5.8 yeardaprecnebla lgo2. A"Marne er new and elating equipment les well as a mixture ofdepredation pools)will produce
<br /> different taxsavlegs resu Is.
<br /> • asumesla npyttime investment
<br /> eropertyest rex eel
<br /> and personal property. Staggering the Investments Mayhave a material effect en the 1
<br /> Includes the calculation of the Minimum Value Rolle(MVR)for the abatement Weill/Wen far personal proerty Investments.The I
<br /> MYR effectively Increases the attuned value mad In the abatement calculation when the taxpayer a subject to the 20%
<br /> depreydation floor. The MVR equals the adjusted assessed value at the 30%neer divided by the depredated assessed Value of
<br /> theIncludes pthe application of the Circuit Weaker Tax Credit,which emits the total property lax lithely Of a taxpayer to 3.00%of fi
<br /> the gross sentence value of real and personal property,beginning welt payable In 2010. +
<br /> - Tho UM ahatamere revenge value ken ESTIMATE based on prenmMary lnlamallen entered into this calculator.Actual
<br /> abatement savings may vary materially from the results of this calculator,based on the Ummg of the lnvenlantnt,the actual i
<br /> assessment of structures(Including Trending),differences in the depredation pools for personal property,annual changes in tax
<br /> Utes,adoption of a beat Option Income lax for mainly tax relief Purposes,changes to'ethane Properly tax law or regulations, i
<br /> or changes in assessment methodology.
<br /> Toe results of this calculator should in treated as an ESTIMATE avaibble for illustrative purposes only,and should he treated an
<br /> an estimate Mon discussing,negotiating and offering Incentives)and should be noted as such In memoranda and scent
<br /> documents related thereto.
<br /> HOOSi iENERGY '
<br /> Alen.4.01$11.9k13/ nes Kinin.nosiest,sea lw i
<br /> ate Nnne6hew 9104 10011,04.3.111.161.0 •
<br /> Phe:a5476 tact Arra Lien.ineo
<br /> _-_ - natuailuthipszew eeaaa»on u�ueN.:m
<br /> http://www.hepn.com/ed/calculator/indiana.asp?gsProcess=sale 4/2/2014
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