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M <br />County Tax Abatement Program <br />• ,Exemption from certain ad valorem taxes (property taxes) for a period of up to 10 years for <br />certain business types (e.g. Manufacturing, Corporate Office) — Manufacturing = Min. of <br />10 new jobs <br />• Exempt up to 100% of the assessed value of new real property improvements and newly <br />installed tangible personal property for purposes of assessing "County taxes". <br />• Applies to County: General Fund, Municipal Services Taxing Unit (MSTU), and <br />Emergency Services District Fund. <br />• For 2020/2021 budget year: Approximately 46% of the property tax bill for the subject properties within <br />unincorporated county <br />• No other taxes, such as School District taxes or taxes levied for the payment of bonds, are <br />affected by the tax abatement. <br />