How can you beat the Mat-Su property tax system with a hangar and a shop?
First, I like the idea of building a shop separate from a hangar. I'm getting my land prepared for building next year. But when the tax statements from the borough came out this year and I saw a 60% increase in the amount I pay with no changes to my property from last year, I had second thoughts.
I?m thinking of putting the shop in the hangar, which might save on taxes because I would have one less building. But the problem here is that one FIRE and you lose everything. If the shop and hangar are separate you only lose part.
My plan was to build a two-part shop (wood/metal) about 28 x 40. Then, 30 feet to the west a 44 x 44 hangar. If I made the hangar another 16 feet long it could include the wood and metal shops, and then I would be in one building.
BTW the borough is no help at all on answering this question.
I?ve also been looking at land outside of the Mat-Su Borough in Kenney Lake, Slana and Cantwell. However my family homesteaded this land and I?m the majority owner of Graham Airstrip (Chickaloon). But we are getting inundated with newcomers and the character of the neighborhood is changing. And don?t get me started on what little the borough does for our tax dollars.
Any suggestions appreciated.
BTW federal moose season opened yesterday and I will be out of town for a few days. So please don't be offended if I don't reply promply.
Thank you,
Doug
First, I like the idea of building a shop separate from a hangar. I'm getting my land prepared for building next year. But when the tax statements from the borough came out this year and I saw a 60% increase in the amount I pay with no changes to my property from last year, I had second thoughts.
I?m thinking of putting the shop in the hangar, which might save on taxes because I would have one less building. But the problem here is that one FIRE and you lose everything. If the shop and hangar are separate you only lose part.
My plan was to build a two-part shop (wood/metal) about 28 x 40. Then, 30 feet to the west a 44 x 44 hangar. If I made the hangar another 16 feet long it could include the wood and metal shops, and then I would be in one building.
BTW the borough is no help at all on answering this question.
I?ve also been looking at land outside of the Mat-Su Borough in Kenney Lake, Slana and Cantwell. However my family homesteaded this land and I?m the majority owner of Graham Airstrip (Chickaloon). But we are getting inundated with newcomers and the character of the neighborhood is changing. And don?t get me started on what little the borough does for our tax dollars.
Any suggestions appreciated.
BTW federal moose season opened yesterday and I will be out of town for a few days. So please don't be offended if I don't reply promply.
Thank you,
Doug
