Annual Rates of Abatement. The following shall be the annual rates of tax abatement on the Improvements for the real property and the business personal property located therein and subject to this Agreement: Year Percentage of Property Taxes Abated 1 60% 2 60% 3 60% 4 55% 5 55% 6 55% 7 50% 8 50% 9 50% 10 50%
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Annual Rates of Abatement. The following shall be the annual rates of tax abatement on the Improvements for the real property and the business personal property located therein and subject to this Agreement: REAL AND BUSINESS PERSONAL PROPERTY Year Percentage of City Property Taxes Abated 1 6050% 2 6050% 3 6050% 4 5525% 5 55% 6 55% 7 50% 8 50% 9 50% 10 5025%
Appears in 1 contract
Samples: Tax Abatement Agreement
Annual Rates of Abatement. The following shall be the annual rates of tax abatement on the Improvements for the real property and the business personal property located therein and subject to this Agreement: Year Percentage of Property Taxes Abated 1 6050% 2 6050% 3 6050% 4 5550% 5 55% 6 55% 7 50% 8 50% 9 50% 10 50%
Appears in 1 contract
Samples: Tax Abatement Agreement
