City Investigating Tax Exemptions for Anchorage Baptist Temple
Six properties have residents gaining equity without paying taxes
The city is investigating whether or not the Anchorage Baptist Temple should be paying taxes on properties that right now are tax-exempt.
Pastor Jerry Prevo says he hired two independent law firms – both of which he says found he was in compliance with the current law.
Currently, ABT has six properties where pastors or employees of the church are gaining equity, but not paying taxes.
As CBS 11 first reported in August, the city assessor began looking into the matter last summer, when critics of ABT’s property tax exemptions first raised the issue – that after the deals became public in divorce proceedings for Prevo’s son.
Reverend Prevo says now it’s up to the city to make the final ruling. Prevo says right now the church pays more than $45,000 a year in taxes on 14 properties.