Presentation says Sabey data center would yield $53 million minimum in taxes during abatement, city to receive millions more after roll‑off

India Economic Development presented a tax‑impact breakdown for the proposed Sabey data center, stating an estimated $31,500,000 in real‑property taxes and $21,500,000 in personal‑property taxes would be paid during the abatement period — a combined floor of $53,000,000 during the abatements. "So if you take that $53,000,000, which is really the floor," Andrea Richter Gary said, adding that higher technology values or refresh cycles could increase tax receipts later.

Gary explained the real‑property abatement is a 10‑year, 60% flat reduction on the added assessed value, and the personal‑property abatement term is 15 years for the equipment inside the data center. She noted assessed value for the site would rise from current low levels (presented example: assessed parcels a little over $600,000) to a projected building assessed value of about $286.9 million when real‑property investments are in place. The presentation estimated annual real‑property taxes during abatement at roughly $3.3 million and a floor of $8.3 million annually after the abatement ends.

All tax figures, Gary said, were prepared with third‑party validation and coordinated with the controller's office, assessor, auditor and treasurer. The agency characterized its personal‑property estimates as conservative because equipment refresh cycles can increase taxable value; the agency reported at least $21.5 million in personal‑property taxes would be paid during the abatement under conservative assumptions.