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Anchorage has a high property tax burden, compared to the rest of the nation, though its overall tax burden is low. The property taxes do a lot of heavy lifting. ... Under the exemption, up to ...
A measure to allow municipalities to raise the property tax exemption from $20,000 to $50,000 with the approval of a vote of the people [30] Passed [59] 61,804 (50.13%) 61,495 (49.87%) Ballot Measure 2 A measure to establish a coastal management program under the Department of Commerce, Community, and Economic Development [30] Failed [59 ...
Allowing a tax-exempt homeowner to vote on property tax increases to homeowners over the threshold, by bond or millage requests For the purposes of statutes, a homestead is the one primary residence of a person, and no other exemption can be claimed on any other property anywhere, even outside the boundaries of the jurisdiction in which the ...
The size of such payments can be controversial, especially where the organization appears to have federal income from taxable activities. For example, the tax-exempt Appalachian Mountain Club operates a modern hotel for its members in Carroll, New Hampshire, paying a negotiated PILOT amount to the town. A competing commercial hotel would also ...
Nov. 19—The group behind a proposal to institute a 3% sales tax in Anchorage has homed in on 11 public amenities facilities the city could choose to build with a portion of the revenue. Led by ...
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Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items.
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