|
COMPARATIVE TAX BENEFIT PROJECTIONS
| |
A |
B |
C |
D |
E |
F |
G |
H |
I |
| 1 |
BLDG |
SQ FT |
ACRE |
Real Estate Tax |
Personal Property Tax |
Total Tax |
ADJ to 28.93 mil |
Average |
Projection (Guestimate) |
| 2 |
Banks |
|
|
|
|
|
|
|
|
| 3 |
|
|
|
|
|
|
|
|
|
| 4 |
Dime |
2068 |
0.69 |
$13,274.00 |
$2,766.84 |
$16,040.84 |
|
|
|
| 5 |
115 W Town St |
|
|
|
|
|
|
|
|
| 6 |
|
|
|
|
|
|
|
|
|
| 7 |
Bank of America |
|
|
|
|
|
|
|
|
| 8 |
71 Town St |
2765 |
0.80 |
$14,841.00 |
$1,539.66 |
$16,380.66 |
|
|
|
| 9 |
|
|
|
|
|
|
|
|
|
| 10 |
Chelsea Groton |
|
|
|
|
|
|
|
|
| 11 |
50 Town St |
2450 |
|
|
|
|
|
|
|
| 12 |
2nd fl |
2450 |
0.69 |
$21,987.00 |
$3,300.04 |
$25,287.04 |
|
|
|
| 13 |
|
|
|
|
|
|
|
|
|
| 14 |
Bank of America |
|
|
|
|
|
|
|
|
| 15 |
590 W Main St |
2936 |
|
|
|
|
|
|
|
| 16 |
2nd fl |
2378 |
0.57 |
$25,921.28 |
$3,896.86 |
$29,818.14 |
|
|
|
| 17 |
|
|
|
|
|
|
|
$21,881.67 |
$24,000.00 |
| 18 |
|
|
|
|
|
|
|
|
|
| 19 |
|
|
|
|
|
|
|
|
|
| 20 |
|
|
|
|
|
|
|
|
|
| 21 |
Coffee Shop |
|
|
|
|
|
|
|
|
| 22 |
Dunkin' Donuts |
|
|
|
|
|
|
|
|
| 23 |
538 W Main St |
2234 |
0.43 |
$10,270.00 |
$4,886.56 |
$15,156.56 |
|
|
|
| 24 |
|
|
|
|
|
|
|
$15,156.56 |
$16,000.00 |
| 25 |
|
|
|
|
|
|
|
|
|
| 26 |
|
|
|
|
|
|
|
|
|
| 27 |
|
|
|
|
|
|
|
|
|
| 28 |
Chain Store |
|
|
|
|
|
|
|
|
| 29 |
WLGRN @ 33.32 mil |
|
|
|
|
|
|
|
|
| 30 |
385 W Main St |
9536 |
|
|
|
|
|
|
|
| 31 |
bsmt |
2229 |
1.23 |
$24,223.00 |
$5,513.00 |
$29,736.00 |
|
|
|
| 32 |
Adj to 28.93 mil |
|
|
$21,032.00 |
$4,787.00 |
$25,819.00 |
$25,819.00 |
|
|
| 33 |
|
|
|
|
|
|
|
|
|
| 34 |
|
|
|
|
|
|
|
|
|
| 35 |
CVS complex @ 33.32 mil |
|
|
|
|
|
|
|
|
| 36 |
315 W Main St |
21212 |
1.53 |
$41,916.56 |
$4,927.02 |
$46,843.58 |
|
|
|
| 37 |
Adj to 28.93 mil |
|
|
$36,393.94 |
$4,277.87 |
$40,671.81 |
$40,671.81 |
|
|
| 38 |
|
|
|
|
|
|
|
|
|
| 39 |
|
|
|
|
|
|
|
|
|
| 40 |
Rite Aid /(Brooks) complex |
|
|
|
|
|
|
|
|
| 41 |
27 Main St, Jewett City |
22884 |
2.30 |
$19,218.75 |
$2,989.75 |
$22,208.50 |
|
|
|
| 42 |
Adjusted to Norwich |
|
|
|
|
|
|
|
|
| 43 |
28.93 mil |
|
|
$29,653.25 |
$4,613.75 |
$34,267.00 |
$34,267.00 |
|
|
| 44 |
|
|
|
|
|
|
|
$33,585.94 |
$40,000.00 |
| 45 |
|
|
|
|
|
|
|
|
| 46 |
|
|
|
|
|
|
|
|
|
| 47 |
|
|
|
|
|
Projected tax benefit |
$80,000.00 |
| 48 |
***POTENTIAL BENEFIT TO INVESTOR
AS LEASEHOLDER: |
|
|
|
|
|
Minus tax value of razed homes and appeals |
-$47,000.00 |
| 49 |
|
|
|
|
|
|
|
|
|
| 50 |
* 20,000 sq ft @ $18.00 /ft = $360,000.00/year |
|
|
|
|
NET PROJECTED TAX BENEFIT |
$33,000.00 |
| 51 |
* 20,000 sq ft @ $20.00 /ft = $400,000.00/year |
|
|
|
|
|
TO NORWICH TAX PAYERS |
|
|
| 52 |
* 20,000 sq ft @ $22.00 /ft = $440,000.00/year |
|
|
|
|
|
9/29/07 |
|
|
|
