LERTA TAX SAVINGS

YEAR 1

Size: 1,005,060 SF
Year 1
Taxes (No Abatement)
$1.13
Taxes (No Abatement)
$1,135,717.80
Taxes (LERTA) $/SF/Year
$0.28
Annual Taxes (LERTA)
$281,416.80
Savings ($/SF/Year)
$0.85
Annual Savings
$854,301.00
TOTAL 10-YEAR SAVINGS:
$8,543,010.00

YEAR 2

Size: 1,005,060 SF
Year 2
Taxes (No Abatement)
$1.13
Taxes (No Abatement)
$1,135,717.80
Taxes (LERTA) $/SF/Year
$0.28
Annual Taxes (LERTA)
$281,416.80
Savings ($/SF/Year)
$0.85
Annual Savings
$854,301.00
TOTAL 10-YEAR SAVINGS:
$8,543,010.00

YEAR 3

Size: 1,005,060 SF
Year 3
Taxes (No Abatement)
$1.13
Taxes (No Abatement)
$1,135,717.80
Taxes (LERTA) $/SF/Year
$0.28
Annual Taxes (LERTA)
$281,416.80
Savings ($/SF/Year)
$0.85
Annual Savings
$854,301.00
TOTAL 10-YEAR SAVINGS:
$8,543,010.00

YEAR 4

Size: 1,005,060 SF
Year 4
Taxes (No Abatement)
$1.13
Taxes (No Abatement)
$1,135,717.80
Taxes (LERTA) $/SF/Year
$0.28
Annual Taxes (LERTA)
$281,416.80
Savings ($/SF/Year)
$0.85
Annual Savings
$854,301.00
TOTAL 10-YEAR SAVINGS:
$8,543,010.00

YEAR 5

Size: 1,005,060 SF
Year 5
Taxes (No Abatement)
$1.13
Taxes (No Abatement)
$1,135,717.80
Taxes (LERTA) $/SF/Year
$0.28
Annual Taxes (LERTA)
$281,416.80
Savings ($/SF/Year)
$0.85
Annual Savings
$854,301.00
TOTAL 10-YEAR SAVINGS:
$8,543,010.00

YEAR 6

Size: 1,005,060 SF
Year 6
Taxes (No Abatement)
$1.13
Taxes (No Abatement)
$1,135,717.80
Taxes (LERTA) $/SF/Year
$0.28
Annual Taxes (LERTA)
$281,416.80
Savings ($/SF/Year)
$0.85
Annual Savings
$854,301.00
TOTAL 10-YEAR SAVINGS:
$8,543,010.00

YEAR 7

Size: 1,005,060 SF
Year 7
Taxes (No Abatement)
$1.13
Taxes (No Abatement)
$1,135,717.80
Taxes (LERTA) $/SF/Year
$0.28
Annual Taxes (LERTA)
$281,416.80
Savings ($/SF/Year)
$0.85
Annual Savings
$854,301.00
TOTAL 10-YEAR SAVINGS:
$8,543,010.00

YEAR 8

Size: 1,005,060 SF
Year 8
Taxes (No Abatement)
$1.13
Taxes (No Abatement)
$1,135,717.80
Taxes (LERTA) $/SF/Year
$0.28
Annual Taxes (LERTA)
$281,416.80
Savings ($/SF/Year)
$0.85
Annual Savings
$854,301.00
TOTAL 10-YEAR SAVINGS:
$8,543,010.00

YEAR 9

Size: 1,005,060 SF
Year 9
Taxes (No Abatement)
$1.13
Taxes (No Abatement)
$1,135,717.80
Taxes (LERTA) $/SF/Year
$0.28
Annual Taxes (LERTA)
$281,416.80
Savings ($/SF/Year)
$0.85
Annual Savings
$854,301.00
TOTAL 10-YEAR SAVINGS:
$8,543,010.00

YEAR 10

Size: 1,005,060 SF
Year 10
Taxes (No Abatement)
$1.13
Taxes (No Abatement)
$1,135,717.80
Taxes (LERTA) $/SF/Year
$0.28
Annual Taxes (LERTA)
$281,416.80
Savings ($/SF/Year)
$0.85
Annual Savings
$854,301.00
TOTAL 10-YEAR SAVINGS:
$8,543,010.00
Size:
1,005,060 SF
Taxes
(No Abatement)
Taxes
(No Abatement)
Taxes (LERTA)
$/SF/Year
Annual Taxes
​ (LERTA)
Savings
($/SF/Year)
Annual
Savings
Year 1
$1.13
$1,135,717.80
$0.28
$281,416.80
$0.85
$854,301.00
Year 2
$1.13
$1,135,717.80
$0.28
$281,416.80
$0.85
$854,301.00
Year 3
$1.13
$1,135,717.80
$0.28
$281,416.80
$0.85
$854,301.00
Year 4
$1.13
$1,135,717.80
$0.28
$281,416.80
$0.85
$854,301.00
Year 5
$1.13
$1,135,717.80
$0.28
$281,416.80
$0.85
$854,301.00
Year 6
$1.13
$1,135,717.80
$0.28
$281,416.80
$0.85
$854,301.00
Year 7
$1.13
$1,135,717.80
$0.28
$281,416.80
$0.85
$854,301.00
Year 8
$1.13
$1,135,717.80
$0.28
$281,416.80
$0.85
$854,301.00
Year 9
$1.13
$1,135,717.80
$0.28
$281,416.80
$0.85
$854,301.00
Year 10
$1.13
$1,135,717.80
$0.28
$281,416.80
$0.85
$854,301.00
TOTAL 10-Year SAVINGS:
$8,543,010.00