Chapter 8.36
OIL AND GAS PROPERTY TAX

Sections:

8.36.010    Annual levy.

8.36.020    Rate of levy.

8.36.030    Notice to taxpayer – Due and delinquent dates.

8.36.040    Date of lien.

8.36.010 Annual levy.

The assembly shall annually, by ordinance, levy a tax on the full and true value of taxable property taxable under AS 43.56 as assessed by the Alaska Department of Revenue; provided, that the total value of assessed property when combined with the total value of assessed property taxable under borough and state law shall not exceed the product of 225 percent of the average per capita assessed full and true value of property in the state multiplied by the number of borough residents. (Ord. 2016-40 § 57, 2016; Ord. 74-3, 1974. 2004 Code § 3.46.010.)

8.36.020 Rate of levy.

The levy made under FNSBC 8.36.010 shall be at the same rate as the levy made under Chapters 8.04 through 8.28 FNSBC. The total amount of revenue which will be derived from the levy when combined with the revenue derived under Chapters 8.04 through 8.28 FNSBC may not exceed $1,000 per borough resident. (Ord. 2016-40 § 58, 2016; Ord. 74-3, 1974. 2004 Code § 3.46.020.)

8.36.030 Notice to taxpayer – Due and delinquent dates.

The provisions of Chapters 8.04 through 8.28 FNSBC relating to tax bills, due and delinquent dates, other administrative provisions and penalties shall apply. (Ord. 2016-40 § 59, 2016; Ord. 74-3, 1974. 2004 Code § 3.46.030.)

8.36.040 Date of lien.

The tax levied under this chapter shall become a lien upon all property taxable hereunder on January 1st of each year; provided, however, that for the year 1974 the lien shall attach on the construction commencement date as defined in AS 43.56. (Ord. 74-3, 1974. 2004 Code § 3.46.040.)