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Kenai Peninsula Borough to spend $31,340 on mailers as $50,000 property tax exemption ends
Summary
The borough introduced an ordinance to appropriate $31,340 so the assessing department can mail notices to prior recipients of the $50,000 residential real property tax exemption, which expires Dec. 31; residents must reapply for a new $75,000 exemption and the mailings will support required auditing and implementation work.
Kenai Peninsula Borough leaders introduced an ordinance to appropriate $31,340 to send two mailings to holders of the current $50,000 residential real property tax exemption, which borough officials said expires Dec. 31.
The ordinance, presented during the Finance Committee meeting, would fund two different letters to previous exemption holders and cover implementation costs for the new $75,000 exemption.…
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