42:41
…-- thank you aaron. Next we have jillian, followed by ruth craig. welcome. -- council members. My name is jillian england. Seattle face is shrinking business activity, high office vacancies and rising property taxes.
3:06:59
We have a lot of people who are property rich and income poor because of they lived in their facility for so long and now they have a $20,000 property tax they can't keep up.
1:51:25
…we have a big uptick in october when we collect our property taxes, and then it really declines over the next six months until april, when we have our second tax collection of the school year.
53:46
I think these next slides also paint a picture of the difference. we wanted to give you an idea. If you start out with assessed value of 650,000, people can figure out up or down from there where they're at.
49:25
Sales tax, being no tax, property tax. And we're given a dollar 60 property tax rate as the legal maximum. And we're levying 70 cents, okay, so we've, we, we've slid and there's a lot of capacity there and property taxes are probably for the city the most stable source of funding that we could have because the property values do not fluctuate as readily as the sales taxes can go down in a recession and they when they do go down, they don't go down that much.