13:29
The base year shall be increased, reflect real property tax liability attributable to new construction and improvements, only the incremental amount that changes the assessed value.
1:26:00
But I'm not over-linked about the idea of giving a 20 times bigger tax break to somebody in a 2 million dollar home. So that's my concern, would be happy to support doing this if we attached a some form of limit on the assessed value of homes in terms of who would get the benefit.