Property Tax Exemption Changes

At a glance

  • What: Three ordinances changing property tax exemptions or rates: repeal of the historic property repair exemptions (2026-29), a three-year increase in flat taxes on commercial aircraft (2026-30), and narrower vessel exemptions with a flat length-based tax on commercial vessels (2026-31).
  • Where it stands: All three adopted by unanimous consent on July 27, 2026 with no public comment.
  • Next: No further action recorded.

Detail

Reviewed by the Assembly Finance Committee on May 13, 2026 and introduced June 8. Ordinance 2026-29 moved by Ms. Hughes-Skandijs; 2026-30 (brings rates up to current CPI over three years) by Mr. Brooks; 2026-31 by Ms. Adkison.

Sources

Log

2026-07-27 - Regular Assembly Meeting

All three adopted by unanimous consent.

2026-06-08 - Regular Assembly Meeting

Introduced on the consent agenda.