14:01
But that is a comparison of our total tax rate to the no-new revenue tax rate. The no-new revenue tax rate is a calculation of the tax rate that compares last year to this year the same revenue on the same property.
46:35
What this might look like for some of our taxpayers at certain market values of property value? So a market value now of $140,000 would be completely exempt and would not have any MISD taxes That would be provide for a savings to that taxpayer of about $431 a year and I want to say the this calculation is based on that total tax rate of a dollar or 565…