A. By ordinance the council may levy a general property tax in the manner provided for borough levies in AS 29.45.560 through 29.45.600. The city property tax levy will be subject to the statutory limitations referred to in AS 29.45.560.

B. Pursuant to AS 29.45.050(c)(3), the city adjusts the types of property subject to tax by the city to exempt all personal property.

C. The council shall by June 15 of each year present to the Matanuska-Susitna Borough Assembly, a statement of the city’s rate of levy unless a different date is agreed upon by the borough and city. (Prior code § 6.04.080)