§ 12.10.010. Property subject to taxation.

A.

Except as otherwise provided in this chapter, the following personal property which has a tax situs within the municipality is subject to taxation:

1.

Vehicles. Except for vehicles subject to the tax levy on motor vehicle registration in chapter 12.07, all vehicles propelled by other than human muscular power shall be taxable as personal property, including but not limited to automobiles, motorcycles, aircraft, except aircraft subject to chapter 12.08, boats and snowmobiles.

2.

Mobile homes. Mobile homes located within licensed mobile home courts or mobile homes no wider than 14 feet which are situated on temporary footings or temporary foundations and located on private property shall be classified as personal property.

3.

Taxable business personal property.

a.

Business personal property is taxable to the extent that a taxpayer's total assessed value for all business personal property within the Municipality of Anchorage exceeds $20,000.00.

b.

Business personal property includes but is not limited to:

i.

All personal property including, but not limited to, furniture, furnishings, fixtures, machinery and equipment used by a business or in a business capacity; and

ii.

Inventory in the hands of a retail or wholesale merchant who holds it for sale, lease or rental shall be taxable as personal property; and

iii.

Inventory held by a manufacturer or processor in the form of raw materials shall be taxable as personal property.

B.

All other personal property not exempt by law is subject to taxation as personal property.

(AO 220-76, § 1, 11-16-06; AO No. 81-218(S); AO No. 94-74(S-1), § 1, 1-1-95; AO No. 94-211, § 2, 1-1-95; AO No. 2004-140, § 1, 10-26-04; AO No. 2010-81(S-1), § 15, 12-7-10, eff. 1-1-11; AO No. 2011-30, § 2, 3-8-11, eff. 1-1-12)