
Bo Whiteside
54:39 - 55:14
"if we were to keep the mill rate static, that doesn't mean people's Property taxes do not go up. Assessments go up. That means you are paying more."
“if we were to keep the mill rate static, that doesn't mean people's Property taxes do not go up. Assessments go up. That means you are paying more.”
Mr. Whiteside. I'm struggling with either option right now, but just for the sake of clarity for ourselves and the public, if we were to keep the mill rate static, that doesn't mean people's Property taxes do not go up. Assessments go up. That means you are paying more. So just to make sure that's clear for folks, because I know that's been a frustration that people have brought to my attention, is that, well, you lowered the mill rate 2 years in a row, but my property taxes went up.
The Kodiak Island Borough Assembly voted Friday to advance its FY2027 budget to public hearing after deciding to allocate 75% of facilities fund interest to debt service rather than lowering the property tax mill rate, keeping it at 8.91 mills.
