22:42
It's myself and our Praiser Casey Kinzlo, who's been with the city for close to eight years now. Now, with the August 31st property tax payment deadline in just a few days, our 2026 tax year will be complete.
13:38
There's a cap on the first $500 of each transaction or $12.50 at the city's current tax rate. [snorts] Many communities in Alaska um have a sales tax cap and the amounts vary by jurisdiction.
55:13
But a lot of other states do have that in mind. You know, one thing that was talked about in the past that uh we still wouldn't be probably with um is a real property tax a personal property tax because there are a lot of…
2:49:49
Um, so our remote sales tax seller, we have to give them any changes in the sales tax rate um, 30 days before it's effective. So, I just want the council to know that.
3:06:52
All cuts are made in 27 would be the $11 million in sales tax and roughly a million dollars in property tax. In addition to that revenue loss, we know that we are going to have expenditure increases.
38:34
And Mr. Kelly, thank you. And would um you were mentioning that some DOT properties would be protected um since it's the state would they I assume they don't pay property tax.
2:27:35
I own several properties in the borough. Taokitna, Gateway, Connect River Road, and just a moment, and I paid property taxes since Taokitna, Gateway, Connect River Road, and just a moment.
31:54
So if you really wanted to look at it, we're not putting any tax property tax money into a program like this, and we can do a lot more and still, as long as Melanie keeps doing a good job, you know, we've got that reserve that we can use for this purpose.
22:06
Fairway store store employees are not just numbers, they are residents of the burrows. The other pay property tax for home, they own or rent, which are most likely been raised in the last couple years.
22:52
So they do pay property tax, I guess on the land and the residences. But I've never seen like a financial statement saying how much the directors get and how much, you know, I did hear from the previous mayor that they only pay 1% to the banks whereas most of…
2:25:52
Right. Just mandated from property taxes out that is 12 9 out of a total funding of 42 million roughly roughly and the state's contribution is roughly about 25 and so if you look at it from the perspective of what is actually required to be provided to the school district it's it's about 31 million dollars and so that's why as…