4.45.040 Tax situs of personal property.
Tax situs means the principal place where an item of personal property is located having due regard to the principal place of business of its owner, the place of residence of its owner, the place where it is registered or licensed, whether it is taxed by other municipalities, and any other factors which may indicate the principal location of the property.
The tax situs of personal property shall be conclusively presumed to be within the city or borough when the property, if not within the municipality on January 1, either:
(a) Is usually, normally, or regularly kept or used within the city or borough; or
(b) Has been kept or used within the city or borough for any 90 days or more during the six months immediately preceding the January 1 assessment date. [Ord. No. 715, §1, 11-6-89. Code 1974 §45.11.014.]