Commercial Property Owners in Alaska Should Prepare for Reassessments
Chloe Fruge, Senior Consultant 425.440.2336 | chloe.fruge@ryan.com
The Alaska property tax annual reassessment is underway, and property owners should expect to start receiving valuation notices. Depending on the property’s respective municipality or borough, valuation notices are issued at different times of the year.
If a property owner does not agree with the value on the notice, the property owner can informally discuss it with the assessor. Property taxes can be appealed in Alaska if there is good reason and evidence. The appeal process starts by contacting the property appraiser/assessor within 30 days of receiving the Valuation Notice. This is an opportunity to correct errors and ensure the property profile is accurate. If you still disagree with the assessor, you can file a formal appeal to the Board of Equalization (BOE). The BOE sits in April and must complete all hearings by June 21. You can further appeal the BOE’s decision to the Superior Court within 30 days of its decision. However, you must pay Alaska property taxes pending the outcome of your appeal.
The Alaska roadmap highlights some key points and processes property owners should be aware of in the upcoming year. Ryan’s experts can assist Alaska residents with assessment reviews and property tax appeals. Our team includes some of the most highly credentialed and experienced consultants in the industry.