|
<br />-
<br />
<br />.
<br />
<br />Comparison of Abatement Types
<br />
<br />This page was prepared to provide a comparison of several taxing scenarios over a multiple year
<br />period. The calculations represent the amount of taxes or in lieu of taxes that would be provided
<br />under each of the scenarios. They are not intended to be interpreted as options recommended
<br />by City staff.
<br />
<br />Scenario 1 - This scenario represents the amount of ad valorem tax that is currently paid by PPG
<br />on their property in La Porte
<br />
<br />Scenario 2 - This scenario represents the amount of in-lieu of tax that would be paid by PPG on
<br />their current property IF it was located in one of our Industrial Districts.
<br />
<br />Scenario 3 - This scenario represents the amount of ad valorem tax that would be paid by PPG
<br />on their currerit property and the proposed $55 million expansion if the City offered them NO
<br />abatement.
<br />
<br />Scenario 4 - This scenario represents the amount of ad valorem tax that would be paid by PPG
<br />on their current property and the proposed $55 million expansion if the City offers the 50%
<br />abatement that staff is proposing. .
<br />
<br />Scenario 5 - This scenario represents the amount of in lieu of tax that would be paid by PPG on
<br />their current property and the proposed $55 million expansion IF it was located in one of our
<br />Industrial Districts. .
<br />
<br />Year Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5
<br />1998 238,976 126,657 238,976 238,976 126,657
<br />1999 238,976 126,657 274,476 274,476 126,657
<br />2000 238,976 126,657 451,976 345,476 190,557
<br />2001 238,976 126,657 487,476 363,226 201,207
<br />2002 238,976 126,657 487,476 363,226 201,207
<br />2003 238,976 126,657 558,476 406,714 222,507
<br />2004 238,976 126,657 558,476 406,714 222,507
<br />2005 238,976 126,657 629,476 477,714 243,807
<br />2006 .238.976 . 126.657 629.4 76 477.714 243.807
<br />Totals 2,150,784 1,139,913 4,316,284 3,354,236 1,778,916
<br />
|