_________________________________________________________________________________________________
Without an abatement total taxes paid over the five years would be $0.00.
A five year abatement would result in a total tax bill of $0.00.
A five year abatement would reduce the taxes on the property by $0.00.
| Year | Full Tax Bill | Abated Tax Bill | 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 |
| Total | $0.00 | $0.00 | $0.00 |
_________________________________________________________________________________________________
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 six years.
A LEED Tax Abatement would result in a total reduction over six years of $0.00.
| Year | Full Tax Bill | LEED Abated Tax Bill | 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 |
| Total | $0.00 | $0.00 | $0.00 |
_________________________________________________________________________________________________
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.