Alaska2026Passed Legislature

HB254

Limits on Property Tax Assessment Increases

Last scannedSep 20, 2026, 12:32 AM

In one sentence

This law limits how much a local assessor can raise the value of real property each year.

Sets a limit so assessors cannot increase property values by more than five percent from the previous year's assessed value.
Allows an exception if the increase is based on improvements to the real property.

The official text does not state when this law officially takes effect.
The bill does not explain how assessors must prove they had new information about a property.

Plain language

Assessed value: The dollar amount assigned to a piece of land or building for tax purposes.
Real property: Land and anything built on it, such as houses or buildings.

Official record

Validated

PROPERTY TAX ASSESSMENT INCREASES An Act relating to increases in property assessments.

Official activity