1:09:01
In summary, the provision states, when a reassessment results in an increase in total assessed property values exceeding 1% as occurred in Virginia with a 16% valuation growth, the local governing body must reduce the tax rate to a level that generates no more than 101%.
1:19:07
I mean, you chuckled, because you know, if you'll actually say, starts out, hey, we'll pick up your trash. It's included in your trash in your property taxes.