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Amaretto - 2011 <br />Cabarrus County Economic Development GrantAna/ysis <br />Real Property <br />CABARRUS <br />CCONO111 1-1 F.- <br />Cabarrus County Economic Development GrantAna/ysis <br />Personal Property - 10% Dep <br />Year 1 <br />Year 2 <br />Year 2 <br />Year 3 <br />Total Assessed Value <br />Year 4 <br />Total Assessed Value <br />$400,000.00 <br />$145,800.00 <br />$400,000.00 <br />$400,000.00 <br />$400,000.00 <br />County taxes at .63 <br />$ 1,260.00 <br />$ 1,134.00 <br />$ 1,020.60 <br />$ 918.54 <br />County taxes at .63 <br />$ 2,520.00 <br />$ <br />2,520.00 <br />$ 2,520.00 <br />$ <br />2,520.00 <br />$ 3,414.60 <br />3 year grant <br />$ 2,902.41 <br />Grant @ 85 % <br />$ 2,142.00 $ <br />2,142.00 <br />$ 2,142.00 <br />Net Taxes to County <br />$ 378.00 $ <br />378.00 <br />$ 378.00 <br />$ <br />2,520.00 <br />3 year taxes <br />$ <br />7,560.00 <br />3 year grant <br />$ <br />6,426.00 <br />3 yr. net revenue <br />$ <br />1,134.00 <br />Cabarrus County Economic Development GrantAna/ysis <br />Personal Property - 10% Dep <br />Note; Grants Subject to Cabarrus Economic Development Board <br />appro val & governmental body appro val. <br />G -4 Page 557 <br />Year 1 <br />Year 2 <br />Year 3 <br />Year 4 <br />Total Assessed Value <br />$200,000.00 <br />$180,000.00 <br />$162,000.00 <br />$145,800.00 <br />County taxes at .63 <br />$ 1,260.00 <br />$ 1,134.00 <br />$ 1,020.60 <br />$ 918.54 <br />Grant @ 85 % $ 1,071.00 $ 963.90 $ 867.51 <br />Net Taxes to County $ 189.00 $ 170.10 <br />$ 153.09 <br />$ 918.54 <br />This document is for calculation purposes only. The numbers computed <br />here are estimated based on general assumptions provided by the client, <br />the Cabarrus County Tax office and the North Carolina Dept of Revenue. <br />Actual grants may vary <br />3 year taxes <br />$ 3,414.60 <br />3 year grant <br />$ 2,902.41 <br />1 3 yr. net revenue <br />1 $ 512.19 <br />Note; Grants Subject to Cabarrus Economic Development Board <br />appro val & governmental body appro val. <br />G -4 Page 557 <br />