A. “Assessor” means the borough assessor or representative; provided, that if the borough assessor refuses to perform some or all of the duties of assessor hereunder, then “assessor” means the city assessor/finance director or designee to the extent that the borough assessor fails to perform the duties hereunder set forth in this chapter.

B. “Clerk” means the clerk of the board of equalization.

C. “Board of equalization” means the quasi-judicial administrative entity duly appointed by the borough assembly for the purpose of hearing appeals from a property value determination of the assessor; provided, however, if the assembly-appointed board shall refuse to perform some or all duties of the board of equalization hereunder, then “board of equalization” means the quasi-judicial administrative entity duly appointed by the council for the purpose of hearing appeals from a property value determination of the assessor.

D. “Full and true value” means the estimated price which the property would bring in an open market and under the then prevailing market conditions in a sale between a willing seller and a willing buyer both conversant with the property and with prevailing general price levels.

E. “Municipality” means a political subdivision incorporated under the laws of the state that is a home-rule or general-law city, a home-rule or general-law borough, or a unified municipality.

F. “Person” includes any individual, firm, copartnership, corporation, company, association, club, joint venture, estate, trust, or any other group or entity.

G. “Personal property” means any tangible property other than real property, including, but not limited to, merchandise, stock in trade, machinery, equipment, furniture, fixtures, vehicles, boats, and aircraft.

H. “Real property” means land and improvements, all possessory rights and privileges appurtenant to the property, and includes personal property affixed to the land or improvements.

I. “Tax year” means January 1st through December 31st.

J. “Borough” means Matanuska-Susitna Borough. (Ord. 479 § 3, 1995)