Aircraft are assumed to be present within the city year round unless demonstrated otherwise. For that reason, Form FIN302, Section 6. Aircraft, includes two additional categories to report number of days or number of landings as applicable below:
New Section 4.15.052 Aircraft value based on days:
If the owner of any aircraft can demonstrate the aircraft was absent one or more days during the previous tax year, the owner’s return shall indicate (1) the value of the aircraft, and (2) the number of days the aircraft was not in Dillingham. The assessed value of such aircraft shall be determined by the following formula:
Assessed value = (fair market value/365 days) x number of days [including partial days] in Dillingham
Scheduled air carriers value based on landings:
A certified scheduled air carrier maintaining a regular schedule of flights to and from the city, and based outside of the city, shall be assessed in proportion to the number of landings by that aircraft in the city. In the event the air carrier fails to provide such documentation, the assessor shall assess the aircraft based on its full value as of January 1st of the tax year.
Assessed value = (market value/17,520) x total landings
