A. All property not exempt under the Alaska State Constitution, the laws of the state of Alaska, the ordinances of the city, or the laws of the United States is subject to taxation. When any real property otherwise exempt from taxation pursuant to state or federal law or for any other reason is leased, loaned, or otherwise made available to and used by private persons, such persons’ interest therein shall be taxed.

B. Property taxes, with collection charges, penalties, interest, and maintenance costs are prior and paramount liens upon the property.

C. All property subject to taxation shall be annually taxed at its full and true value as of January 1st of each tax year, except as provided in this section, AS 29.45.060, and AS 29.45.230. (Ord. 479 § 3, 1995)