1:19:01
So just kind of looking at those considerations and there are things that can be done to kind of bracket around maybe parcel size or square footage or things like that that could be a parcel tax but the geobahn on a 550 median assessed value means that one part of…
2:08:02
That's divided by the current interest rate. And so, we usually, we have a kind of set way that we calculate the projected ownership costs for the unit as a condo, including a 5% down payment price, the cost of the future HOAs property taxes, et cetera, comparable to a rental cost for the unit.
2:11:25
Well, the building that we're proposing is probably going to be worth north of $120 million in taxable real estate. So the city's property tax would probably be $2 to $3 million a year.