5. GFMEDC tax incentive schedule
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5. GFMEDC tax incentive schedule
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<br />Cass County Property Tax Exemption/PILOT Guidelines <br />DRAFT 1 <br /> <br />"Recommended Structure." <br /> <br />Ad Valorem Tax Value <br /> <br />and/or Gross Payroll Recommended <br />Abatement Schedule <br /> <br />Applicant Category A <br />$750,000 to 2,999,999 <br /> <br />$175,000 to <br />$1,199,999 <br /> <br />Year 1: <br />Year 2: <br />Year 3: <br />Year 4: <br />Year 5: <br /> <br />100% <br />90% <br />90% <br />90% <br />90% <br /> <br />Applicant Category B <br />$3,000,000 to 9,999,999 <br /> <br />Applicant Category C <br />$10,000,000 or greater <br /> <br />$1,200,000 to Year 1: 100% <br />$2,999,000 Year 2: 90% <br /> Year 3: 90% <br /> Year 4: 90% <br /> Year 5: 90% <br /> Year 6: 70% <br /> Year 7: 50% <br />$3,000,000 or Year 1 : 100% <br />greater Year 2: 90% <br /> Year 3: 90% <br /> Year 4: 90% <br /> Year 5: 90% <br /> Year 6: 70% <br /> Year 7: 60% <br /> Year 8: 50% <br /> Year 9: 40% <br /> Year 10: 30% <br />
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