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<br />. 100% of the Value Located in City Limits
<br />Value Rate Taxes
<br />Land & Imp 1,250,000 $.71/100 $8,875.00
<br />Equipment 1,300,000 $.71/100 $9,230.00
<br />$18,105.00
<br />
<br />If located in IDA
<br />Depending on the cost of the land these amounts could change
<br />Based on Vacant Land
<br />Value
<br />Total Costs 1,250,000
<br />Land Value 264,000
<br />986,000
<br />Equipment 1,300,000
<br />
<br />Land & Imp 1,500,000 $.71/100
<br />Equipment 1,500,000 $.71/100
<br />
<br />X 53%
<br />X30%
<br />X30%
<br />
<br />$10,650.00
<br />$10,650.00
<br />$21,300.00
<br />
<br />$139,920
<br />$295,800
<br />$390,000
<br />
<br />Rate
<br />
<br />$.71/100
<br />$.71/100
<br />$.71/100
<br />
<br />Tax
<br />
<br />$993.43
<br />$2,100.18
<br />$2,769.00
<br />$5,862.61
<br />
<br />Total Costs 1,500,000
<br />Land Value 264,000 X 53% $139,920 $.71/100 $993.43
<br /> 1,236,000 X 30% $370,800 $.71/100 $2,632.68
<br />. Equipment 1,500,000 X30% $450,000 $.71/100 $3,195.00
<br /> $6,821.11
<br />
<br />If located in IDA
<br />If Team Industries Purchases and Existing Building
<br />Value
<br />Total Costs 1,250,000 X 53%
<br />Equipment 1,300,000 X 30%
<br />
<br />Total Costs 1,500,000 X 53%
<br />Equipment 1,500,000 X 30%
<br />
<br />$662,500
<br />$390,000
<br />
<br />$795,000
<br />$450,000
<br />
<br />Rate
<br />$.71/100
<br />$.71/100
<br />
<br />Tax
<br />$4,703.75
<br />$2,769.00
<br />$7,472.75
<br />
<br />$.71/100 $5,644.50
<br />$.71/100 $3,195.00
<br />$8,839.50
<br />
<br />"'*These estimates are based on the estimated numbers from Team Industries, Inc.
<br />
<br />.
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