FY2011-05 Changing the Date for Filing Personal Property Tax Returns 1 Introduced by: Borough Manager
2 Requested by: Borough Assessor
3 Drafted by: Borough Assessor
4 Introduced: 09/02/2010
Public Hearing: 09/16/2010
5 Adopted: 09/16/2010
6
7 KODIAK ISLAND BOROUGH
8 ORDINANCE NO. FY2011.05
9
10 AN ORDINANCE OF THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
11 AMENDING TITLE 3 REVENUE AND FINANCE CHAPTER 3.40 PERSONAL PROPERTY
12 TAX SECTION 3.40.010 ASSESSMENT RETURN TO CHANGE THE DATE FOR FILING
13 PERSONAL PROPERTY TAX RETURNS
14
15 WHEREAS, KIBC 3.35.010 adopts State law levying taxes on real and personal property;
16 and
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18 WHEREAS, KIBC 3.35.020 states all real and personal property within the borough not
19 expressly exempted shall be taxed; and
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21 WHEREAS, KIBC 3.40.010 sets the dates for personal property returns; and
22
23 WHEREAS, a recent audit of the Assessing Department by the Office of the State Assessor
24 recommends moving the mailing date of Notices of Assessed Value from March 31 to
25 January 15; and
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27 WHEREAS, the current return dates would not allow staff sufficient time to review the'
28 returns prior to mailing of Notices of Assessed Value.
29
30 NOW, THEREFORE, BE IT ORDAINED BY THE ASSEMBLY OF THE KODIAK ISLAND
31 BOROUGH THAT:
32 Section 1: This ordinance is of a general and permanent nature and shall become a part
33 of the Kodiak Island Borough Code of Ordinances; and
34
35 Section 2: Title 3 Revenue and Finance 3.40 Personal Property Tax Section 3.40.010
36 Assessment Return is hereby amended as follows:
37
38 3.40.010 Assessment return.
39 Every person shall submit to the borough assessor a personal property return of any
40 property owned by him, or in which he has an interest, and of the property held or controlled
41 by him in a representative capacity, in the manner prescribed, which return shall be based
42 on property values existing as of the first day of January of the year for which the return is
43 made. The person making the return in every case shall state an address to which all
44 notices required to be given to him under this section may be mailed or delivered. The return
45 shall show the nature, quantity, description, amount, value, purchase price new or used,
46 depreciable basis, and current condition of all personal property, the place where the
47 property is situated, and said return shall be in such form and include such additional
48 information as the assembly may prescribe, and shall be signed and verified under oath by
49 the person liable, or his or its authorized agent or representative. Said return shall be filed
50 on or before the fifteenth day of January of each tax year. The borough assessor may, by
Kodiak Island Borough Ordinance No. FY2011 -05
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51 notice in writing to any person by whom a return has been made, require from him a further
52 return containing additional details and more explicit particulars and, upon receipt of the
53 notice, that person shall comply fully with its requirements within 30 days.
54 In the event of any person failing, refusing, or neglecting to make or file said personal
55 property return of property owned by him, as required herein, the assessor shall make an
56 assessment which shall be as fair and equitable as he is able to make from the best
57 information in his possession concerning said property.
58
• 59 ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
60 THIS SIXTEENTH DAY OF SEPTEMBER 2010
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62 _ - : -
63 KODIAK ISLAND BOROUGH
64
65
66
67 ATTEST: J rome M. Selby, ::... ayor
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69
70 II
72 Nova M. Javier, MC, Borough Clerk
Kodiak Island Borough Ordinance No. FY2011 -05
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