Alaska’s version of Prop 13
Economic development, growth and government efficiency are key goals of most boroughs and municipalities in Alaska including those that levy a property tax.
The premise of this white paper is that the current practice within the state to annually assess property tax on the full and true value of real property and improvements is a disincentive to economic development and community growth due to increased costs of ownership. It is an expensive use of government manpower, adds a subjective element (assessment) into the taxation process, and there are more efficient ways to value and tax property.
PDR Alaska proposes that property be taxed “As-Was”, or in other words, at the price when title last changed hands. -MORE-