The Fairbanks North Star Borough Board of Equalization approved two assessor‑appellant settlements on May 2, finalizing adjusted 2025 assessed values for properties owned by the Hollenbeck Family Trust.

Deputy Assessor Ryan Danhauser presented the settlements to the board. For parcel PAN 0218936 (case 138) the assessor and appellant agreed to an adjusted value of land $63,700; improvements $183,860; total $247,560. For parcel PAN 0219282 (case 140) the parties agreed to land $18,484; improvements $318,465; total $336,949.

Board members voted to accept both settlements. Board Chair Jessica Markwood confirmed no conflict required recusal for the participating members and the board designated alternates to participate in the relevant votes when needed. The board directed the clerk to issue written findings and mail copies of the settlements to the appellant and the assessor.

Why it matters: Settlements finalize tax assessments for the parcels for the 2025 roll and illustrate the assessor’s office negotiating adjustments with property owners rather than proceeding to full contested hearings.