§ 5.12.112. Real property tax—Exemptions—Anadromous stream habitat protection area.

A.

All of the increase in assessed value of improvements to real property located within 150 horizontal feet from the mean high tide line or ordinary high water line of the rivers and streams listed in KPB 21.18.025, shall be exempt from taxation for improvements to the real property if:

1.

an increase in assessed value is directly attributable to alteration of the natural features of the land, or new maintenance, repair, or renovation of an existing structure; and

2.

the alteration, maintenance, repair, or renovation, when completed, enhances the exterior appearance or aesthetic quality of the structure; and

3.

meets the criteria for a fish habitat and restoration project described in KPB 5.14.040.

B.

An exemption may not be allowed under this subsection for the construction of an improvement to a structure if the principal purpose of the improvement is to increase the amount of space for occupancy or nonresidential use in the structure or for the alteration of land as a consequence of construction activity.

C.

An exemption provided in this subsection may continue for up to four years from the date improvement is completed, or from the date of approval for the exemption by the local assessor, whichever is later.

D.

In order to qualify for this exemption for any taxable year, the claimant shall make a written application to the assessor who may require such information as is reasonably necessary to determine compliance with the requirements of this ordinance. In order to qualify for the tax exemption for an applicable year, the application must be filed on or before January 15 of the assessment year for which the exemption is sought.

(Ord. No. 2011-37, § 2, 11-1-11; Ord. No. 2000-46, § 1, 10-24-00)