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Amaretto - 2012 <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 />$8,300,000.00 <br />$583,200.00 <br />$8,300,000.00 <br />$8,300,000.00 <br />$8,300,000.00 <br />County taxes at .63 <br />$ 5,040.00 <br />$ 4,536.00 <br />$ 4,082.40 <br />$ 3,674.16 <br />County taxes at .63 <br />$ 52,290.00 <br />$ <br />52,290.00 <br />$ 52,290.00 <br />$ <br />52,290.00 <br />$ 13,658.40 <br />3 year grant <br />$ 11,609.64 <br />Grant @ 85 % <br />$ 44,446.50 $ <br />44,446.50 <br />$ 44,446.50 <br />Net Taxes to County <br />$ 7,843.50 $ <br />7,843.50 <br />$ 7,843.50 <br />$ <br />52,290.00 <br />3 year taxes <br />$ <br />156,870.00 <br />3 year grant <br />$ <br />133,339.50 <br />3 yr. net revenue <br />$ <br />23,530.50 <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 558 <br />Year 1 <br />Year 2 <br />Year 3 <br />Year 4 <br />Total Assessed Value <br />$800,000.00 <br />$720,000.00 <br />$648,000.00 <br />$583,200.00 <br />County taxes at .63 <br />$ 5,040.00 <br />$ 4,536.00 <br />$ 4,082.40 <br />$ 3,674.16 <br />Grant @ 85 % $ 4,284.00 $ 3,855.60 $ 3,470.04 <br />Net Taxes to County $ 756.00 $ 680.40 <br />$ 612.36 <br />$ 3,674.16 <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 />$ 13,658.40 <br />3 year grant <br />$ 11,609.64 <br />1 3 yr. net revenue <br />1 $ 2,048.76 <br />Note; Grants Subject to Cabarrus Economic Development Board <br />appro val & governmental body appro val. <br />G -4 Page 558 <br />