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Assembly punts decision on asking state for 5% cap on assessment increases; postpones to April 15
Summary
The Kenai Peninsula Borough Assembly postponed action April 1 on resolution 20 25-017, which would request that the Alaska Legislature allow municipalities to cap year-over-year increases in real property assessments at 5%; the item was set for further consideration April 15 in Seward.
The Kenai Peninsula Borough Assembly on April 1 postponed consideration of resolution 20 25-017, which would ask the Alaska Legislature to give municipalities the option to cap year-over-year increases in real property assessments at 5%. The assembly set the item for further consideration at its April 15 meeting in Seward after extended questions from members and a public comment in favor of the resolution.
Finance committee materials cited borough assessment figures: the borough contains about 66,000 parcels, 54,000 notices were mailed and roughly 27,700 were identified as approved residential…
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