48:06
Goes up by 50%. Well now if you take that assessment multiply the current tax rate. Well, you're leving 50% more taxes. So, what Mono has done in past reassessments, we reduce we reduce the tax rate because the assessment it's a balancing.
42:39
…and what people have to understand is well, the revenue generated there from visitors coming coming into the community, it's not not from our own property tax owners and so forth.
23:59
But the other point of that is what are the services that we by we I mean the province um are asking municipalities to deliver and in many ways those are becoming more disconnected from property tax as a revenue source a lot more into…
1:47:35
We should not be using the property tax dollars or the, uh, the tax dollars, whether they're federal, provincial or municipal of the residents of that neighbour, neighbourhood and the business owners and property owners of that area to fund…
1:47:35
We should not be using the property tax dollars or the, uh, the tax dollars, whether they're federal, provincial or municipal of the residents of that neighbour, neighbourhood and the business owners and property owners of that area to fund…
35:48
…uh the property taxes that we would pay on our conservation areas on your your own lands. On our own lands. Yes. You participate in the conservation authority um lands incentive tax program.
19:29
Expenses and non-tax revenue grow above the same rate, so the amount we must raise to tax the levy grows a little more in gear. The forecast also seems to be valued between 2030, which will bring the tax rate down noticeably…
20:54
One, that the owner provide a property tax certificate or correspondence from township financial services indicating that all property taxes have been paid up to date with respect to the properties subject to this decision.
15:38
Um Um So, the property tax revenues have been uh recognized. So, that represents uh 50% of the annual tax uh levy revenues. Um and of course, for the operating budget, the timing uh is the driving factor.
7:38:03
We don't verify if it's based upon market value, that's not how MPAC assess it. You know, in comparison, the Hilton is 1.3 million. - [Tiffany] The Hilton pays property tax of 5.5 million.