3.70.010 Annual tax levy.
A. The assembly shall annually by ordinance levy:
2. A property tax in improvement districts and service areas for functions related to each improvement district and service area; and
3. An area-wide property tax for area-wide functions.
B. The assembly shall annually, by ordinance or resolution, establish the rate of levy on assessed property within the borough. The annual rate of levy shall be determined before June 15th.
C. The rate of levy shall be uniform on all real property on the assessment roll except as provided for in HBC 3.70.060 through 3.70.070.
D. The borough may not levy a tax for any purpose in excess of one percent of the assessed value of property in the borough with the following exceptions:
1. Taxes levied or pledged to pay or secure the payment of the principal and interest on bonds as provided in AS 29.45.100;
2. Taxes voluntarily requested by the board of a road maintenance service area in order to maintain or obtain services that might otherwise be limited by a tax cap. (Ord. 09-05-207 § 4; Ord. 09-01-198)