12/19/13 - 9:02am
In 1986 senior citizens were leaving the borough in alarming numbers. Moving south or other boroughs, more welcoming of seniors and pleased to have them as part of their community.
Borough leaders and residents reacted by saying, you are our seniors, you built our borough and we want you to stay. That is when the Kenai Peninsula Borough enacted Ordinance 86-78 eliminating real estate taxes for seniors over age 65. The state had already recognized the senior contribution by enacting Statute 29.45.03 (e) exempting Alaska seniors from the first $150,000 of assessed valuation.