13:51
So I just like to say, let's go for it. Thank you, Tim. From all the residents that pay transfer tax. But yes, and we're very fortunate to have the fund to be able to do this.
13:51
So I just like to say, let's go for it. Thank you, Tim. From all the residents that pay transfer tax. But yes, and we're very fortunate to have the fund to be able to do this.
57:17
…public hearings today at 2:00 pm. There will be a public hearing on the transfer tax and road reserve fund here in the chambers. to now with our agenda miscellaneous resolutions on page 1 continued on to page 2.
8:18
What this impact is going to be is that our residents are going to see a slight increase. Roughly $90 over the course of the year of an increase in their 2024 city property tax because of our homestead non homestead balancing that we are continuing down the path of trying to equalize.
1:59:41
All the taxes that go into your property taxes are reduced. All of us pay less tax because we have farms in our community. And I think there's widespread agreement and both within the community on the board.
1:19:44
Being a landlord, in the landlord business, the properties have various assessed value, various assessed rate of taxes, so I have a little background in property taxes.
42:54
My friends, these projects will not only stimulate property values throughout the city, but will increase our total assessed value and reverse the seven-year trends of shrinking property values.
30:34
Ultimately, if the property owner does not reimburse the city for the cost that's incurred, then the cost is placed as a tax lien on the next year's property tax.