ITEM TITLE:
title
Acceptance of Late File Application for 2022 Senior Citizen Property Tax Exemption - Robert Zastrow
body
SUBMITTED BY: Sheri Pierce, MMC, City Clerk
FISCAL NOTES:
Expenditure Required: NA
Unencumbered Balance: NA
Funding Source: NA
RECOMMENDATION:
rec
Click here to enter text.
end
SUMMARY STATEMENT:
Under Alaska Statute (AS 29.45.030) and Valdez Municipal Code (VMC 3.12.030), real property owned and occupied as the primary residence by a senior citizen 65 years of age or older is exempt from taxation on the first one hundred and fifty thousand dollars of the assessed value of the real property.
The property owner is required by statute and code to file annually for the exemption on a standard form provided by the state of Alaska. The annual application must be filed no later than January 15th of the assessment year for which the exemption is sought.
Applications are filed with the City Clerk's Office for processing and acceptance.
As a courtesy to our senior citizen's , especially potential new filers, the City Clerk's Office advertises the program, application requirements, and deadline each year in all the normal public notice locations.
If the annual application is filed before the deadline and the applicant meets the exemption program requirements, the City Clerk's Office processes the applicant's paperwork and the exemption is then automatically applied to the appropriate property tax account.
Under Alaska Statute (AS 29.45.030) and Valdez Municipal Code (VMC 3.12.030.3a), only the City Council holds the authority to waive the annual January 15th application deadline for the exemption program. The City Council, for demonstrated good cause, may waive the applicant's failure to make timely application for the current year and authorize the City Clerk's Office to accept the application as if timely filed.
Mr. Zastrow meets all the requirements for a first time filer for the 2022 Senior Citizen Property Tax Exemption program. H...
Click here for full text