Property Valuation
Under Alaska law, a property owner who believes their property has been over-assessed for tax purposes may:
AOnly appeal directly to the Alaska Real Estate Commission
BFile a formal appeal with the local assessment appeals board within the statutory appeal period✓ Correct
CRefuse to pay taxes until the assessment is corrected
DOnly challenge the assessment in Alaska Superior Court
Explanation
Property owners who believe their property has been over-assessed may file a formal appeal with the local board of equalization or assessment appeals board within the statutory deadline (which varies by municipality). The appeals process typically allows the owner to present evidence of market value to support a reduction.
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