2:00:47
…but again they're not actual residents of Kangman well this and the reason the reason we haven't done that before is because we don't have a property tax if we had a city property tax and I would agree fully that anybody that lives in the…
24:09
We would be levying a secondary property tax on the residents to pay off that debt. So it's just like your mortgage. You take out $11 million, let's say you owe $1 million a year.
2:46:43
I asking you to adopt for years too. The other thing that's unique, and it has remnants of property taxes, as you've heard me talk about those for years.
35:52
I'm looking at Bicentennial by almost $0.39, Salome by $0.65, Winden School District is lowering their tax rate by $2.94. I think that's probably in response, and Carrie Ann can tell me if I'm wrong or Rex, but I'm pretty sure that is in direct response…
5:53
Now to put our progress into context, we'll look back at fiscal year 1011, where the county had the second highest primary property tax burden as a percentage of personal income at 1.14 percent.
2:12:53
And ultimately, this board of supervisors for a special cash deficit levy and the approximate amount of $1.8 million. Like every year's on a school district, Alhambra is required by law to adopt its budget and approve its property tax rates using the assess property…
58:42
I'm not going to say anything that exciting, but I support this property tax because I support the need to generate revenues from the city of Phoenix through its programs.
28:59
We had paid for the last five years. The arrangement is that any registrations for your animals would just go directly to I mean, I think that that's fair because our residents, our residents of Pima County, they pay property taxes to Pima County, and this is a service that they received from Pima County.
31:33
So for a brief example, if our tax rate were the number on the far left column, so say we had a 1% tax rate on a $100,000 primary assessed home, it would bring in approximately 1.2 million in tax revenue.
31:30
We also have very strict rules when it comes to publishing the truth and taxation notice for property tax. This is a quick picture of what that posting looks like.
4:04:27
…but when we look at how are we going to afford the staffing for it, it's $1.5 million. that is $0.10 on our tax rate. That revenue that would come to our organization would essentially be an infusion that is worth $0.10 on our current tax rate or 3% of our total budget.
59:38
Most cities have 70 to 100,000 more residents. Also consider that a large portion of Tempe is under the control of ASU so there is not the property tax revenue generated for the city.