Matanuska-Susitna Borough Proposition C: Residential Exemption and Sales Tax
Source: matsusentinel.com
What does this measure do?
This adds a 1% boroughwide sales tax and cuts the taxable value of eligible owner-occupied homes by $75,000. Shoppers pay one cent more per dollar on many purchases; eligible homeowners pay less property tax, while renters get no direct home tax break.
Proposed by: Mat-Su Borough Assembly (OR 26-072, Stephanie Nowers)
Assembly member Nowers sponsored the paired sales tax and home exemption; the assembly adopted it for the ballot.
Source: matanuska.legistar.com
A YES vote means
Yes adds a 1% sales tax on many purchases, generally capped at the first $1,000 per sale. Eligible homeowners can exempt $75,000 of home value from property tax, but some existing exemptions cannot be combined.
A NO vote means
No keeps current borough tax rules. There is no new boroughwide sales tax or new $75,000 owner-occupied home exemption from this question.
Source: matsu.gov