Without an abatement total taxes paid over the three years would be $0.00.
A three year abatement would result in a total tax bill of $0.00.
A three year abatement would reduce the taxes on the property by $0.00.
|Year||Full Tax Bill||Abated Tax Bill||Reduction|
LEED Tax Abatement
For properties that are improved to meet Leadership in Energy and Environmental Design (LEED), as certified under the US Green Building Council have the option of a 10% tax abatement.
A LEED Tax Abatement would result in an reduction of $0.00 per year for three years.
A LEED Tax Abatement would result in a total reduction over three years of $0.00.
|Year||Full Tax Bill||LEED Abated Tax Bill||Reduction|
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 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.