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Borough proposes $31,340 mailer to notify property owners of residential exemption change
Summary
The finance committee reviewed an ordinance to appropriate $31,340 to mail two notices to existing residential real property tax exemption holders after voters approved raising the exemption from $50,000 to $75,000; the assembly discussion focused on auditing, outreach and timing for reapplication.
Kenai Peninsula Borough staff asked the finance committee Oct. 14 to approve an appropriation of $31,340 to mail two notices to current holders of the residential real property tax exemption after voters approved increasing the homestead exemption from $50,000 to $75,000.
Adena Wilcox, the borough assessor, told the committee the appropriation would allow the assessing department to mail two notices to every current $50,000 exemption holder explaining that the exemption amount changed, that holders need…
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