Property tax is a tax levied or assessed on the owner of property—often real property (real estate)—that is based on the property’s appraised value. Local governments often impose property taxes to finance their school districts, police departments, fire departments, and municipal projects such as construction and maintenance of streets and roads.
Most local government authorities (often counties) allow citizens to dispute or challenge the appraised value of their property through an administrative process initiated with the tax assessor or appraisal district.
In Alaska, property tax is primarily administered at the municipal level, with cities and boroughs responsible for assessing and collecting taxes on real property within their jurisdictions. The tax is based on the assessed value of the property, which is determined by local assessors. Property owners in Alaska have the right to appeal the assessed value of their property if they believe it is incorrect. This appeal must be filed within a certain time frame, typically 30 days from the date of assessment. The appeal process usually begins with the local assessor's office and can be escalated to the Board of Equalization or similar local appeal boards. If the property owner is still dissatisfied with the outcome, they may take their case to the state court system. Revenue from property taxes in Alaska is used to fund local services such as education, emergency services, and infrastructure maintenance.