Proposition No. 1 - Prorated Senior and Disabled Veteran Residential Property Tax Exemption

The Matanuska-Susitna Borough provides a residential real property tax exemption to qualifying seniors, disabled veterans, and surviving spouses of each. A qualifying individual must own the property on January 1 to receive the tax exmoption allowed under Borough code. The Matanuska-Susitna Borough proposes to enact MSB 3.15.037(E) to allow for a prorated exemption. Under this proprated eemption, a qualifying indivifual who owns and occupies new property after January 1 and qualifies for the exemption will be able to receive a prorated tax exemption for the remainder of that year. Should this ordinance become law?