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City of Nome Real Property - State & Municipal Property Tax Law
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Excerpts from Alaska Statute and Nome Code of Ordinances
Alaska Statute Title 29 Sec.29.45.010. Property tax. (a) A unified municipality may levy a property tax. Sec.29.45.020. Taxpayer notice. (a) If a municipality levies and collects property taxes, the governing body shall provide the following notice: "NOTICE TO TAXPAYER. Notice shall be provided by furnishing a copy of the notice with tax statements mailed for the fiscal year for which aid is received. [State Aid] Sec.29.45.240. Establishment of levy and determination of rate. (a) The power granted to a municipality to assess, levy, and collect a property tax shall be exercised by means of an ordinance. The rate of levy, the date of equalization, and the date when taxes become delinquent shall be fixed by resolution. Sec.29.45.250. Rates of penalty and interest. (a) A penalty not to exceed 20 percent of the tax due may be added to all delinquent taxes, and interest not to exceed 15 percent a year shall accrue upon all unpaid taxes, not including penalty from the due date until paid in full. (b) If a taxpayer is given the right to pay tax in two installments, penalty and interest on an unpaid installment accrues from the date the installment becomes due. Sec.29.45.320. Real property tax collection. (a) The municipality shall enforce delinquent real property tax liens by annual foreclosure. Sec.29.45.500. Refund of taxes. (b) If, in payment of taxes legally imposed, a remittance by a taxpayer through error or otherwise exceeds the amount due, and the municipality, on audit of the account in question, is satisfied that this is the case, the municipality shall refund the excess to the taxpayer with interest at eight percent from the date of payment. A Claim for refund filed one year after the due date of the tax is forever barred.
Unless otherwise provided in this chapter, the city shall assess for, levy and collect real property tax and personal property tax and enforce personal property tax in accordance with Alaska statutes. The city shall enforce delinquent real property tax liens through foreclosure proceedings conducted once every two years. 17.20.040 Property declarations. On or before February 1st of the assessment year, every person having ownership or control of or an interest in personal property within the corporate boundaries of the city shall file with the assessor a personal property declaration in the form prescribed by the assessor, based on property values existing on January 1st of the same assessment year 17.20.080 Payment dates, penalties and interest. (a) The taxpayer may pay the levied tax in two installments due on or before July 15th of the taxable year and on or before September 15th of the taxable year. However, if the first installment is not paid when due, the entire tax becomes delinquent and penalty and interest accrue as follows: (1) A penalty of eight percent plus any surcharge required to be imposed by AS 12.55.039 shall be added to all taxes delinquent until the due date fixed for payment of the second half, and interest at the rate of eight percent per annum shall be charged on the whole of the unpaid taxes, not including penalty and any surcharge, from the due date until paid in full. (2) After the due date for the payment of the second half a total of ten percent plus any surcharge required to be imposed by AS 12.55.039 shall be added to all delinquent taxes, and interest at the rate of eight percent per annum shall accrue upon all unpaid taxes, not including penalties and any surcharge, from the due date until the date paid in full. (b) The rate of penalty or combined rates of penalty shall be ten percent of the tax due on the property concerned plus any surcharge required to be imposed by AS 12.55.039. The information contained herein has most recently been updated on 5/30/2006 |
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