Enterprise Zone & Redevelopment Area Deferred Increase Benefit Calculator- (Beta version)

Market Value of Property Prior to Improvements- $

Value of Improvements- $ Must be greater than $100,000

Mill Rate

Information Entered
Market Value of Property Prior to Improvements = $
Value of Improvements = $
Mill Rate =

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Enterprise Zone Deferred Increase

Without a deferred increase the total taxes paid over the seven years would be $0.00.

An Enterprise Zone Deferred Increase would result in a total tax bill of $0.00.

  1. Taxes paid in year one would be $0.00.
  2. Taxes paid in year two would be $0.00.
  3. Taxes paid in year three would be $0.00.
  4. Taxes paid in year four would be $0.00.
  5. Taxes paid in year five would be $0.00.
  6. Taxes paid in year six would be $0.00.
  7. Taxes paid in year seven would be $0.00.

An Enterprise Zone Deferred would reduce the taxes on the property by $0.00.

Year Full Tax Bill Enterprise Zone Reduction
1 $0.00 $0.00 $0.00
2 $0.00 $0.00 $0.00
3 $0.00 $0.00 $0.00
4 $0.00 $0.00 $0.00
5 $0.00 $0.00 $0.00
6 $0.00 $0.00 $0.00
7 $0.00 $0.00 $0.00
Total $0.00 $0.00 $0.00

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Redevelopment Area Deferred Increase

Without a deferred increase the total taxes paid over the eleven years would be $0.00.

A Redevelopment Area Deferred Increase would result in a total tax bill over eleven years of $0.00.

  1. Taxes paid in year one would be $0.00.
  2. Taxes paid in year two would be $0.00.
  3. Taxes paid in year three would be $0.00.
  4. Taxes paid in year four would be $0.00.
  5. Taxes paid in year five would be $0.00.
  6. Taxes paid in year six would be $0.00.
  7. Taxes paid in year seven would be $0.00.
  8. Taxes paid in year eight would be $0.00.
  9. Taxes paid in year nine would be $0.00.
  10. Taxes paid in year ten would be $0.00.
  11. Taxes paid in year eleven would be $0.00.
A Redevelopment Area Deferred Increase would result in a total reduction over eleven years of $0.00.

Year Full Tax Bill Redevelopment Reduction
1 $0.00 $0.00 $0.00
2 $0.00 $0.00 $0.00
3 $0.00 $0.00 $0.00
4 $0.00 $0.00 $0.00
5 $0.00 $0.00 $0.00
6 $0.00 $0.00 $0.00
7 $0.00 $0.00 $0.00
8 $0.00 $0.00 $0.00
9 $0.00 $0.00 $0.00
10 $0.00 $0.00 $0.00
11 $0.00 $0.00 $0.00
Total $0.00 $0.00 $0.00

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The estimations in the calculator are based on the assumption that taxes will remain unchanged during the abatement period and the information entered for value of property and improvements is accurate.
An increase or reduction in the tax mill rate for future years would result in different results.
Any and all decisions to grant a tax abatement incentive, pursuant to the terms of Ordinance 272-9, shall be within the sole and absolute discretion of the Common Council of the City of Middletown.