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Amaretto - 2013 <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 />$1,400,000.00 <br />$218,700.00 <br />$1,400,000.00 <br />$1,400,000.00 <br />$1,400,000.00 <br />County taxes at .63 <br />$ 1,890.00 <br />$ 1,701.00 <br />$ 1,530.90 <br />$ 1,377.81 <br />County taxes at .63 <br />$ 8,820.00 <br />$ <br />8,820.00 <br />$ 8,820.00 <br />$ <br />8,820.00 <br />$ 5,121.90 <br />3 year grant <br />$ 4,353.62 <br />Grant @ 85 % <br />$ 7,497.00 $ <br />7,497.00 <br />$ 7,497.00 <br />Net Taxes to County <br />$ 1,323.00 $ <br />1,323.00 <br />$ 1,323.00 <br />$ <br />8,820.00 <br />3 year taxes <br />$ <br />26,460.00 <br />3 year grant <br />$ <br />22,491.00 <br />3 yr. net revenue <br />$ <br />3,969.00 <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 559 <br />Year 1 <br />Year 2 <br />Year 3 <br />Year 4 <br />Total Assessed Value <br />$300,000.00 <br />$270,000.00 <br />$243,000.00 <br />$218,700.00 <br />County taxes at .63 <br />$ 1,890.00 <br />$ 1,701.00 <br />$ 1,530.90 <br />$ 1,377.81 <br />Grant @ 85 % $ 1,606.50 $ 1,445.85 1 $ 1,301.27 <br />Net Taxes to County $ 283.50 $ 255.15 <br />$ 229.64 <br />$ 1,377.81 <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 />$ 5,121.90 <br />3 year grant <br />$ 4,353.62 <br />1 3 yr. net revenue <br />$ 768.29 <br />Note; Grants Subject to Cabarrus Economic Development Board <br />appro val & governmental body appro val. <br />G -4 Page 559 <br />