Anchorage Residents Frustrated With Property Value “Inconsistencies”
Assembly Chair Dick Traini has scheduled a work session with the Municipal Assessor office to investigate the inconsistencies.
Inconsistent property values served as the main topic for discussion at the Anchorage Assembly meeting Tuesday evening.
With green cards in hand, property owners showed how much their land and homes are worth. And for tax purposes, questions are being raised about how the city comes up with those values.
One testifying resident said he and others in his neighborhood saw a real increase in their property values with the latest round of green cards.
That prompted him to look up other land assessments, which uncovered inconsistencies from neighborhood to neighborhood which he claims are unfair.
“What's going on? How come the assessor's office targets a particular piece of property or group of properties and increase them $80,000, $96,000, or $100,000 on a particular piece of property on the land?” said Turnagain resident Jerry Trainor.
To illustrate his point, Trainor surprised the Anchorage Assembly members when he rattled off their property values noting that Anchorage Assemblyman Bill Starr's property was worth $1.69 per square foot while the property of Anchorage Assemblyman Patrick Flynn was assessed at $28.65 per square foot.
The testimony has assembly members now looking for answers as well.
“There are all sorts of things that come into play, but clearly, there’s some stark differences here and I’m sure there is an explanation and I would be curious to find that out too,” said Anchorage Assemblyman Paul Honeman.
Assembly Chair Dick Traini scheduled a work session with the Municipal Assessor office to investigate the inconsistencies.
The Anchorage Assembly will determine the property tax rate in April.