The Kenai Peninsula Borough Assembly has passed, pending reconsideration, Ordinance 2006-21 which is little more than eye wash and will create residential fraud as the longevity bonus did and the PFD does. This ordinance really does nothing to relieve the property tax exemptions granted to seniors and disabled veterans living outside of the cities.
The cost to taxpayers is now in excess of $4,500,000 and by the time the ordinance sunsets in 2009 the total cost will exceed $10,000,000. For some reason assembly members Deb Germano and Gary Superman are determined to push this exempted tax onto all borough and city taxpayers. The $150,000 property tax exemption mandated by the state is both generous and adequate.
The state passed legislation, SCS CSHB 334 that adequately protects those who are truly unable to pay their property taxes. They can put the tax in abeyance until the property changes hands or is sold with no interest penalty. The borough should adopt this legislation
Besides costing the rest of the residents the current unlimited tax exemption curtails city residential growth. The borough is becoming a haven for property tax freeloaders. The property tax exemption desperately needs to be capped at $150,000. The Kenai city councils need to protect their residents by pushing for a property tax exemption cap in the borough.
Roy E. Hoyt Jr.
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