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(b) The 2011/2012 millage rates for the General Fund(3.0892 mills), MSTU(1.0733 mills), and <br /> Emergency Services District (1.7148 mills) tax funds are applied each year during the tax <br /> .. abatement period for a total of 5.8773 mills, and the rate for other property taxes remains at <br /> 10.3126 mills (rate for 2011/2012) each year during the tax abatement period. <br /> (c) The initial assessed value of completed improvements in Year I of the abatement period is <br /> $33M. <br /> (d) Depreciation of the initial assessed value of tangible personal property($31.5M)is applied at <br /> a rate of 10%per year with a floor at 35% of initial assessed value for years 8, 9, and 10. <br /> (e) No change in the assessed value of the real property improvements ($1.5M) during the <br /> abatement period. <br /> ( The highest category of tax abatement award is applied during the tax abatement period. <br /> Property taxes abated:scenario expressed in current dollars: <br /> — Initial Assessed value (Year ]): $33,000,000 <br /> — Millage rate (3 affected tax funds) totals: 5.8773 mills <br /> — Depreciation applied to tangible personal property as described above <br /> — Highest abatement award category 10 year schedule applied <br /> This scenario provides a rough estimate of the maximum potential tax abatement amount. The actual assessed <br /> value for any given year during the abatement period will be determined by the Property Appraiser's Office <br /> on or around January 1"of the given year. <br /> AACRK*T 7 214 7 <br /> FACommunity Deve1opment\CurDev\BCC\2013 BCC\INEOSscoring.doc <br />