On Friday, January 9, 2026, the Anchorage Assembly convened for a work session to review the 2026 annual property valuations presented by Assessor Jackie Davis. The session covered the total and taxable property values ($59.8 billion total; significant shift in the tax base due to exemptions), the impact of new personal property exemptions, updates to residential and commercial modeling, and the appeal process timeline. Speakers expressed interest in data accuracy regarding zoning classifications and sought clarification on the regressivity of assessments and the mechanics of disaster relief provisions.
Alright, everybody, good afternoon. Today is Friday, January 9th. We are gathered to discuss the annual property valuations with the assessor, Mr. Jeff is start with introductions. Christopher Constant on the phone, Mr. Johnson. I'm here. Thanks. Mr. Myers? Yeah, thank you. Anyone else? Alright, that's everybody's slow start to the year. Yeah, thank you. So again, my name is Jackie Davis. I'm the missile assessor. And typically every year I do the valuation. So thank you for your attention to this. And if you have any questions throughout this, by all means, please just ask them and I will try to answer the best I can. I often like to start off the presentation with just really at the end of the day of what we do. At the bottom, you can see we administer exemptions and we value property. Property. That's basically our two jobs that we do. We administer exemptions on a year-round basis. You look, we also the value of personal property. So you know the first two-thirds of the year we're valuing current returns and then more cat admins. Our goal is to inspect property every six years for that. You can see we do that year-round. Then we have January 1, so that is the big statutory leading. That's the value of the pro that's what the value is as of January 1 is what we're trying to get to. That does kick off the season dates. The first one is the appeal period, and then later the year we get into a valuation for the following year. Quick question. Quick question from Mr. Land. Yeah, thanks. I'm curious with your inspections. You say you do them every six years. Are those um desk inspections, or is that physically going to a property? Yeah, through the chair to probably it's a combination. We have a very uh this last year we had 2024 aerial imagery, so that's certainly one of the uh ways that we've been expecting to try to find efficiency, but we also physically inspect property uh as well. For this 2026 tax year, I have two pie charts here. On the left side, you can see the total value. This is basically the total value of anchorage right here. So $59.8 billion comprised of primary the bulk of it, residential, you have commercial about just under 19, you have personal property about six, and then you have the two yellow pie slices. Those are generally your fully exempted properties. When you look at the right-hand side of that, we have the taxable value, basically the tax base. This is what the mill rates are based off of. It's a it's taking out all exemptions. So your partial exemptions, think residential, and think your fully exempted property as well.