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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 17 18 WHEREAS, KIBC 3.35.020 states all real and personal property within the borough not 19 expressly exempted shall be taxed; and 20 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 26 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 Page 1 of 2 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 61 62 _ - : - 63 KODIAK ISLAND BOROUGH 64 65 66 67 ATTEST: J rome M. Selby, ::... ayor 68 69 70 II 72 Nova M. Javier, MC, Borough Clerk Kodiak Island Borough Ordinance No. FY2011 -05 Page 2 of 2