Alaska initiative on property taxes vote Tuesday

Mon, Oct 5 2009 — Source: American Chronicle

Borough voters will be asked to decide Tuesday if they want lower property taxes bad enough to pay a tax every time they buy something. The tax measure combines a borough-wide sales tax with a cap on how high the Assembly can set its property tax rate. The measure includes a 3-percent sales tax on up to $1,000 — so a shopper would pay $30 on a $1,000 computer. But that rate applies only if they bought it outside the city limits of Wasilla, Palmer or Houston.

Read the story from the American Chronicle