How they work - A primer on how the mill rate relates to municipal budgets
Taxable property located within the borough has been valued and assessment notices were mailed March 15th. The resulting increase in overall assessed values was 2.8% for both real and personal property. This increase breaks down as a 2.5% increase in real property values, and a 9.3% increase in personal property values. Market factors and assessment system limitations are the two main reasons for these increases.
Sitka experienced a 7.9% overall increase in single family residential median sales prices during 2015. There were 185 total sales, an increase of about 4% over last year, so sales volume continues to be steady. Sixty-three percent of those sales were disclosed to the Assessing Department, leaving 47% of relevant market data unavailable for valuation purposes. A good percentage of Sitka’s sales are never marketed and 20% are cash transactions. All of these factors combined leave holes in the data available to the Assessor for valuation analysis, and can have an effect on the accuracy of assessed values. Despite these challenges the following facts were gleaned from the sales information we do have on file, and are provided for reference:
Please click here to read the full Assessment Revaluation Report 2016
The Assessing department is responsible for assessing the value of all properties within the City and Borough of Sitka boundaries; and administers all State and Borough exemptions as set forth in State Statutes and Borough Code. The department also maintains property records information, which includes ownership, address, assessed value, and legal property descriptions.
Assessing has two primary missions:
Provide up-to-date information about assessment and related property matters, a service grown in importance to the community over the years.
8:00 a.m. - 5:00 p.m. Monday - Friday (excluding holidays)
City & Borough of Sitka
100 Lincoln St, Room 108
Sitka, AK 99835
Department e-mail address: firstname.lastname@example.org
Wendy J. Lawrence, ACAA III - Assessing Director
Ruth Joens - Administrative Assistant
Josh Joseph - Appraiser I