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171:46 - 172:20

“In the 2025 assessed values listed here, $388,087 is your average value. Mill rate area-wide, 8.485. So the total tax paid would be $3,292. If you take 6.5% into that, you find out that you have to spend about $50,646 to meet the same tax you would pay for the property.”
Speaker
Unidentified speaker
Community
Alaska News
Location
Mat-Su Borough
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From the transcript

So I'm going to go over an example right here real quick, and I'll be real quick about it. So in In the 2025 assessed values listed here, $388,087 is your average value. Mill rate area-wide, 8.485. So the total tax paid would be $3,292. If you take 6.5% into that, you find out that you have to spend about $50,646 to meet the same tax you would pay for the property.

Related Coverage

Mat-Su Says No to Swapping Property Tax for Sales Tax

Mat-Su weighed trading its property tax for a 6.5% sales tax — same money, different payers — and decided renters, shoppers, and an untested legal handcuff made it a bad bet for the ballot.

Cover image for article: Mat-Su Says No to Swapping Property Tax for Sales Tax