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Board trims assessment for Maria Street cabin cluster after owner cites recent sale
Summary
The Fairbanks North Star Borough Board of Equalization reduced the 2025 assessed value for a 3‑lot cabin cluster at Maria Street after appellant Sam Moore presented a 2024 comparable sale and board members debated the assessor’s mass‑appraisal approach.
The Fairbanks North Star Borough Board of Equalization voted 4–1 on May 2 to lower the 2025 assessed value for a three‑lot cabin cluster at 2350–2360 Maria Street after hearing an appeal from property owner Sam Moore.
Moore, owner of SGM Properties LLC, told the board the only lawful comparable sale for his cabins is a 2024 arm’s‑length sale at 159 Nash Street and asked the board to value his improvements at $38 per square foot. He cited "Alaska statute 29 45 1 10" and Fairbanks North Star Borough code 84.120 to argue that assessments should reflect recent, conversant market transactions. "159 Nash Street is the only lawful, accurate, and…
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