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Assembly keeps school portion of economic-development abatements, directs assessor reporting amendment
Summary
The Finance Committee voted to keep the local education mill (2.65) in place for economic-development property tax abatements and approved a related transparency amendment for assessor reports.
The Assembly Finance Committee on Feb. 5 voted to preserve the local-school portion of economic-development property tax abatements and to add a transparency requirement for residential property owners seeking assessment detail.
Director Flick told the committee that state law (Senate Bill 179) removed a prior requirement that limited localitiesability to abate the portion of property tax attributable to education. The question presented to the committee was whether to keep Juneau City and Borough code language that requires abated properties to continue paying the 2.65 mills that fund local education or to allow a full abatement.
"The question for you to consider is do you want to…
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