You are tasked with calculating the property tax needed to fund the construction and operation of a $22.5 million complex. The facility's annual operating budget is forecast at $3.6 million, to be covered by revenues from programs offered at the facility. A 30-year general obligation bond with a rate of 5.5% will be issued to pay for the facility's construction costs. The net assessed value of property in the municipality is $725 million.

1. Calculate the additional mileage required to cover the project's debt service.

2. For an owner of the property with a total assessed value of $15,000, by how much will his/her property tax increase?