AlaskaAlaska local governments could limit yearly property assessment increases
Alaska local governments could cap yearly property assessment increases at 3%–10%, with exceptions for improvements, ownership changes, and required increases to market value every ten years.
What it does
Local governments could cap yearly increases in property values used for taxes at 3%–10%. Their rules would allow increases to market value for improvements or ownership changes and require them every ten years.
Argument forA local cap could help property owners plan for yearly increases in the property values used to calculate their taxes.
Argument againstOwners could face a sharp increase in their property's taxable value every ten years if market prices have risen faster than the cap.
More detail
Local governments would be allowed to adopt a local law limiting yearly increases in assessed property values to between 3% and 10%. The cap could cover property generally, without a restriction to homes occupied by their owners. The local law must allow increases to market value when property is improved or ownership changes. The capped value would count as the property's full and true value, and the state could not penalize a local government for adopting the cap. Under a local cap, assessors would have to increase property assessments to market value every ten years.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 4(S) Heard & HeldLatest
- May 4(S) FINANCE at 09:00 AM SENATE FINANCE 532
- Apr 28(S) REFERRED TO FINANCEMinor
- Apr 28(S) FIN REFERRAL ADDED
- Apr 28(S) FN2: INDETERMINATE(CED)
- Apr 28(S) AM: DUNBAR, YUNDT
- Apr 28(S) NR: MERRICK, GRAY-JACKSON
- Apr 28(S) DP: BJORKMAN
- Apr 28(S) L&C RPT CS 1DP 2NR 2AM NEW TITLE
- Apr 27(S) Moved CSSB 259(L&C) Out of Committee
- Apr 27(S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
- Apr 20(S) Minutes (SL&C)
- Apr 20(S) Heard & Held
- Apr 20(S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
- Apr 15(S) Minutes (SL&C)
- Apr 15(S) Heard & Held -- Please Note Time Change --
- Apr 15(S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg)
- Apr 13(S) FN1: ZERO(CED)
- Apr 13(S) DP: DUNBAR
- Apr 13(S) NR: MERRICK, GRAY-JACKSON, YUNDT
- Apr 13(S) CRA RPT CS 3NR 1DP NEW TITLE
- Apr 10(S) L&C WAIVED PUBLIC HEARING NOTICE, RULE 23
- Apr 9(S) Moved CSSB 259(CRA) Out of Committee
- Apr 9(S) COMMUNITY & REGIONAL AFFAIRS at 01:30 PM BELTZ 105 (TSBldg)
- Mar 17(S) Heard & Held
- Mar 17(S) COMMUNITY & REGIONAL AFFAIRS at 01:30 PM BELTZ 105 (TSBldg)
- Mar 3(S) Heard & Held
- Mar 3(S) COMMUNITY & REGIONAL AFFAIRS at 01:30 PM BELTZ 105 (TSBldg)
- Feb 23(S) CRA, L&C
- Feb 23(S) READ THE FIRST TIME - REFERRALSIntroduced
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