§ 5.12.100. Real property tax—Exemptions—Community purposes property—Conditions.

A.

Property of an organization not organized for business or profit-making purposes and used exclusively for community purposes is exempt from taxation under this chapter. Property or a part of the property from which rentals or income are derived is not exempt from taxation unless the income derived from the rentals does not exceed the actual cost to the owner of the use by the renter.

B.

No exemption under this section may be granted except upon written application on a form prescribed by the assessor. The applicant/owner must file the application no later than March 31 of the tax year for which the exemption is sought.

C.

The assessor may from time to time require such information as is reasonably necessary to determine the character of the organization and the nature of uses made. The exemption provided in this section is not applicable unless the required information is provided to the assessor.

D.

Definitions.

1.

For purposes of this section "community purpose" means the exclusive use of property within the borough based upon the culture and demographics of a particular area and which benefits the general public in a manner that enhances the quality of life through programs, public facilities, or services.

2.

For purposes of this section "used exclusively for a community purpose" means the property benefits the borough community and does not confer more than a de minimus private benefit to the non-profit organization that owns it or to the individuals that control that organization. "Exclusive use" includes a requirement for spatial apportionment if the property is used for both exempt and nonexempt purposes.

E.

In addition to the community purpose exemptions granted by the assessor, the property of the following organizations used to provide senior citizen housing shall be exempt from real property taxation under this section:

1.

Cooper Landing Senior Citizen Corporation, Inc.

2.

Homer Senior Citizens, Inc.

3.

Nikiski Senior Citizens, Inc.

4.

Sterling Area Senior Citizens, Inc.

5.

Soldotna Area Senior Citizens, Inc.

6.

Anchor Point Senior Citizens, Inc.

7.

Ninilchik Senior Citizens, Inc.

(Ord. No. 2016-28 , § 7, 8-23-16; Ord. No. 2006-17, § 1, 5-16-06; Ord. No. 2005-40, § 1, 10-11-05; KPC § 25.05.050)