Municipal assessor: increased property tax exemption would shift tax burden

Anchorage Daily Planet
By KIRSTEN ADAMS

Increasing the residential property tax exemption to $50,000 from $20,000 would have unintended results for low-income residents, municipal assessor Marty McGee told the Assembly during a work session Friday.

The increase would originate in a state Senate bill, but the Assembly is scheduled to vote on an ordinance Feb. 2 that would set an advisory vote on whether Anchorage residents support the increase. While Assemblywoman Elvi Gray-Jackson said the increase would be intended to provide increased tax relief to residents, McGee said the increase would only shift the burden to other residents.

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