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Local Government Resource Desk

Taxation & Assessment

Property Assessments In Alaska

Introduction

Property in Alaska is required to be assessed (valued for tax purposes) at fair market value. An assessment should be the same amount as what the owner believes the property would sell for in the open real estate market. (AS 29.45.110) There are some variations on what "full and true value" is, in limited cases. These are found in AS 29.45.060 through .065, AS 29.45.110, and AS 29.45.230 and cover certain uses that restrict or limit the ability to recover full and true value upon sale, such as farm use, conservation easement, or property affected by a natural disaster.

Narrative Frequently Asked Questions Applicable Laws and Regulations

Revised 7/1/13