4.45.050 Property taxes.
(a) The borough assembly may levy:
(1) An areawide property tax for areawide functions, which:
a. Shall consist of an areawide property tax for schools, the proceeds of which shall be deposited into the local education fund established under Chapter 4.65 KGBC; and
b. May consist of an areawide property tax for borough purposes other than schools, the proceeds of which shall be deposited into the general fund;
(2) A property tax limited to the area outside cities for functions limited to the area outside cities; and
(3) A property tax in a service area for functions limited to the service area.
(b) If a tax is levied on real or on personal property, the tax must be assessed, levied, and collected as provided in this chapter. [Ord. No. 1833, §2, 5-15-17; Ord. No. 1793A, § 3, 4-18-16; Ord. No. 558, §1, 2-18-86. Code 1974 §45.11.015.]
State Law Reference – Similar provisions, AS 29.45.010.