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Role
of the State
Assessor |
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Contents
Introduction
Frequently Asked Questions
Narrative
Additional Resources
Applicable Laws
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| Introduction Back
to Top |
| The
Office
of
the
State
Assessor,
within
the
Department
of
Commerce, Community
and
Economic
Development
(Commerce),
has
oversight
responsibility
for
municipal
assessor's
offices
across
the
state.
This
oversight
responsibility
includes
monitoring
assessment,
valuation,
and
taxation
issues.
If
a
municipality
fails
to
perform
its
assessment/tax
responsibilities
in
accordance
with
the
law,
the Office
of
the
State
Assessor may
issue
a "notice
of
major
error",
which
the
municipality
must
correct
before
the
beginning
of
the
next
fiscal
year.
There
is
an
appeal
procedure
set
forth
in
statutes.
The
office
is
also
charged
with
the
requirement
of
calculating
the
full
value
of
all
municipalities
and
school
districts
within
the
state
(AS
29.45.103-.105
and
AS
14.17.510
-
see Current
Alaska
Statutes).
For
additional
information
on
taxation
and
valuation,
see
the
topics
on
Property
Tax, Sales
Tax, Special
Assessments,
and
the
Local
Government
Handbook "Glossary
of
Terms". |
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| Frequently
Asked
Questions Back
to
Top |
| Does
the
state
assessor
prepare "assessments" similar
to
that
of
the
local
assessor? No.
But
the
office
does
prepare
a "full
value" for
municipalities
that
is
used
for
shared
revenue
and
education
funding
formulas.
Full
values
are
prepared
for
all
boroughs,
home
rule
and
first
class
cities,
second
class
cities
with
a population
over
750,
and
school
districts. Why
is
the
state
full
and
true
value
calculated
and
what
is
it
used
for? The
state
full
and
true
value
is
a tool
that
can
be
used
to
compare
assessment
levels
and
equity
statewide.
It
is
also
used
in
the
educational
funding
formula
and
the
revenue
sharing
formula.
(AS
14.17.510
and AS
29.60.030).
Equalizing
the
local
assessed
values
by
accounting
for
differences
in
local
assessments
assures
that
each
municipality
receives
its
fair
share
of
these
state
shared
revenue
sources.
The
state
full
value
is
not
used
to
calculate
local
property
taxes. Why
is
the
state
full
and
true
value
always
higher
than
the
actual
locally
assessed
value? The
local
assessed
values
represent
only
those
values
that
are
subject
to
the
local
mill
rate.
For
example,
some
municipalities,
like
Fairbanks,
have
elected
to
exempt
all
personal
property,
while
some,
like
Anchorage,
assess
personal
property.
In
order
to
equalize
assessed
values
statewide,
these
optional
exemptions
are
added
back
into
the "full
value" estimate.
Each
municipality
is
required
to
conduct
a sales
ratio
report
that
reflects
the
general
level
of
assessment.
Typically,
these
assessment
levels
are
less
than
the
state
requirement
of
100%
of
market
value.
When
the
ratios
are
different,
either
higher
or
lower
than
the
state
requires,
the
total
assessed
value
of
the
municipality
is
adjusted
to
reflect
the
state
mandated
100%
of
market
value.
Generally
these
values
must
be
adjusted
upwards. |
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| Narrative Back
to Top |
| The
State
Assessor
not
only
has
oversight
responsibility
for
local
assessors
but
also
provides
assistance
to
municipalities
in
matters
of
assessments,
valuations,
and
taxation.
Taxation
matters
are
not
limited
to
property
taxes
but
also
include
sales,
excise,
and
severance
taxes. The
State
Assessor
also
provides
training
to
municipalities
on
assessments
and
valuations.
The
use
of
the
International
Association
of
Assessing
Officers
(IAAO )
workshops
and
courses
help
with
this.
Many
of
these
courses
offer
a full
one
week
(30
hours)
of
instruction
and
help
keep
appraisers
up
to
date
on
appraisal
information. The Alaska
Taxable is
a
yearly
publication
produced
by
the
Office
of
the
State
Assessor
and
is
the
annual
report
to
the
legislature
outlining
assessment
practices
and
procedures
and
summarizing
local
values,
taxes,
and
full
values. |
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| Additional
Resources Back
to
Top |
| Publications:
- Commerce,
Office
of
the
State
Assessor, Alaska
Taxable
- Commerce,
Local
Government
Handbook
-
Glossary
of
Terms
Internet
links: |
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| Applicable
Laws Back
to
Top |
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Alaska
Constitution:
- Article IX, Section 3 - assessment standards
- Article X, Section 14 - executive branch agency to advise and
assist local governments
Alaska Statutes: (See Current
Alaska Statutes) - AS 14.17.510 - Public School funding, determination deadline
- AS
29.45.103 - Taxation records, availability of records
- AS 29.45.105 - Errors in taxation procedures, state assessor notice, appeal
- AS 29.45.110 - Full and true value, exceptions
- AS
29.60.030 - Determination of mill rate equivalent for municipal tax resource (revenue sharing)
Alaska
Regulations:
- 3 AAC 139.010 - Inspection of records by state assessor,
complaint investigation, prior notice
- 3 AAC 130.020 - Notice of errors, resolving/correcting
error
- 3 AAC 139.020 - Appeal of state assessor's determination,
timelines for decision and correction
- 3 AAC 139.900 - Definitions
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| Back
to Top
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