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15:43 FAX 812 878 5030 IIUOSIER E~ERGY '~uu2 <br /> <br />PROPERTY TAX ESTIMATES - BUILDING <br /> 6 - YEAR TAX ABATEMENT <br /> <br />BUILDING COST <br /> <br />$900,000 <br /> <br />MOORESVILLE <br /> <br /> PROPER'CY TAX RATE <br /> REPLACEMENT CREDIT <br /> NET TAX RATE <br /> <br />10.43540% <br />12.81620% <br />9.09798% <br /> <br />TRUE TAX VALUE <br />ASSESSED VALUE ( 1/3 ) <br />TAXES W/O ABATEMENT <br />ABATEMENT PERCENT <br />ABATED ASSESSMENT <br />ABATED TAXES <br /> <br />TRUE TAX VALUE ' <br />ASSESSEDVALUE(1/3) <br />TAXES W/O ABATEMENT <br />ABATEMENT PERCENT <br />ABATED ASSESSMENT <br />ABATED TAXES <br /> <br />YEAR 1 YEAR 2 YEAR 3 YEAR 4 <br /> <br />$630,000 $630.000 $630.000 $630,000 <br />$210,000 $210.000 $210.000 $210,000 <br />$19,106 519,106 $19.106 $19,106 <br />100.00% 85.00% 66.00% 50.00% <br />$0 $31.500 $71,400 $105,000 <br />$0 $2,866 56,496 $9,553 <br /> <br />YEAR 5 YEAR 6 <br /> <br />$630,000 $630,000 <br />$210,000 $210,000 <br />$19,106 $19,106 <br />34.00% 17.00% <br />$158,600 $174,300 <br />$12,610 $15,858 <br /> <br />6 YEAR UNABATED TAXES <br /> <br />6 YEAR ABATED TAXES <br /> <br />AMOUNT SAVED/ABATED <br /> <br />$114,635 <br /> <br /> $47,382 <br /> $67,252 <br /> <br />· BUILDING VALUES IN INDIANA ARE FROZEN AT 1995 VALUES - APPROXIMATELY <br /> 70% OF COST. <br /> <br /> <br />