‘The market has been very hot’: Mat-Su homeowners see significant increase in assessed property value

PALMER, Alaska -

The assessment division reviews home sales, listings, and sale prices to determine a home’s value each year. Factors including location and structural similarities are all taken into consideration before fair market value is placed on each property. According to Heindel, the average taxable growth for a Valley home increased 8% over last year, while the year before homeowners saw a 10% increase. It’s a considerable hike in value compared to the years preceding the pandemic.With this year’s 2023 property assessments, Heindel said that “right now the estimated taxable amount is $12,356,580,000″ after property and mandatory exemptions are subtracted.

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