Anchorage green cards are out and property values are up

Anchorage property values released by city, and the assessed value of some homes rose 8-10%.

Anchorage, Municipality Of Anchorage

1/20/2022 7:29:00 AM

Those who own a home in Anchorage may be surprised at how much the city says it’s worth. Property assessments mailed last week show an increase in value between 8-10% according to the Municipal Assessor’s office.

Anchorage property value s released by city, and the assessed value of some homes rose 8-10%.

Share on LinkedInANCHORAGE, Alaska (KTUU) - Those who own a home in Anchorage may be surprised at how much the city says it’s worth. Property assessments mailed last week show an increase in value between 8-10% according to the Municipal Assessor’s office.

Cory Allen Young, communications director for Mayor Dave Bronson’s office, said a tight housing market combined with very low inventory is pushing prices up.“Right now there’s 99 condos (for sale) out there and about 165 residential homes,” Young said. “Compare that to 2016 when there was 330 condos and 600 residential homes.”

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Not just higher values, but higher Mill rate gives a double whammy You can always make an appointment & dispute it with the City Assessing Department. They need the revenue Property will always be worth more so they can get more tax money.

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Share on Pinterest Share on LinkedIn ANCHORAGE, Alaska (KTUU) - Those who own a home in Anchorage may be surprised at how much the city says it’s worth. Property assessments mailed last week show an increase in value between 8-10% according to the Municipal Assessor’s office. Cory Allen Young, communications director for Mayor Dave Bronson’s office, said a tight housing market combined with very low inventory is pushing prices up. “Right now there’s 99 condos (for sale) out there and about 165 residential homes,” Young said. “Compare that to 2016 when there was 330 condos and 600 residential homes.” According to the city, the average single-family home in the municipality is assessed at $400,949. The average Multiple Listing Service listed sale price for that same home is $424,566. Young said higher home prices in Girdwood may be pushing those averages up slightly. On the commercial side, it’s a different story. Most commercial property assessments in Anchorage stayed flat or fell, according to data from the city. Office space (down 2.5% ), retail (down 4.4%) and hotels (down 9.8%) lost the most value. Young said demand for those properties fell during the pandemic. People who have questions about their assessments can visit the 3rd floor of Anchorage City Hall or call the Property Appraisal Division at 907-343-6500 where they can also request a review. The deadline file a formal appeal is Feb. 11. Young said people may also qualify for a variety of exemptions including senior citizens, disabled veterans, residential, disaster tax relief, nonprofit etc. Information on that is available at the property appraisal or by calling 907-343-6770. The deadline to apply for those exemptions is March 15. Copyright 2022 KTUU. All rights reserved. Most Read