Fairbanks North Star Borough Board of Equalization approves assessor-appellant settlements in six property appeals

FAIRBANKS, Alaska — At its April 25, 2025 meeting, the Fairbanks North Star Borough Board of Equalization approved requested settlements between the borough assessor and property owners in six separate assessment appeals, accepting the assessor’s adjusted assessed values for each parcel.

The actions were taken during the board’s 2 p.m. hearing in the Assembly Chambers. The Board of Equalization hears appeals of property valuations and may change assessments only on proof of an unequal, excessive, improper or undervaluation, following procedures in FNSB Code 4.044.28. The borough clerk will issue written findings and mail copies of decisions to each appellant and the assessor.

The board approved settlements in the following cases (case number, parcel account number, site address, original notice values, appellant’s stated opinion of value, assessor’s 2025 adjusted value accepted by the board):

Case 86 (PAN 156523), Lot 10 Steamboat Landing Subdivision — Original notice: land $15,211; improvements $184,835; total $200,046. Appellant’s opinion: total $170,000. 2025 adjusted value accepted by the board: land $15,211; improvements $160,573; total $175,784. A board member moved to grant the requested settlement, and the motion was seconded; there was no recorded opposition and the motion passed.

Case 122 (PAN 368776), 24 Baranoff Avenue — Original notice: land $22,420; improvements $184,393; total $206,813. Appellant’s opinion: total $165,974. 2025 adjusted value accepted by the board: land $22,420; improvements $178,598; total $201,018. The board moved and seconded to accept the assessor–appellant settlement; the motion passed without recorded opposition.

Case 98 (PAN 544761), 2478 Weleda Street — Original notice: land $38,376; improvements $522,676; total $561,052. Appellant’s opinion: total $418,376. 2025 adjusted value accepted by the board: land $38,376; improvements $447,809; total $486,185. The board approved the assessor’s adjusted assessed value and adopted proposed findings and conclusions.

Case 64 (PAN 0124184), 2640 Chena Hot Springs Road — Original notice: land $36,166; improvements $574,662; total $610,828. Appellant’s estimate: total $496,000. 2025 adjusted value accepted by the board: land $36,166; improvements $515,845; total $552,011. The board granted the requested settlement and adopted findings of fact and conclusions of law.

Case 65 (PAN 0221376), 2642 Chena Hot Springs Road — Original notice: land $23,852; improvements $264,478; total $288,330. Appellant’s estimate: total $258,000. 2025 adjusted value accepted by the board: land $23,852; improvements $209,393; total $233,245. A board member recusal was noted for this case; the remaining board members moved, seconded and approved the settlement.

Case 110 (PAN 317161), 2475 Narcissus Way — Original notice: land $29,221; improvements $223,601; total $252,822. Appellant’s opinion: total $142,895. 2025 adjusted value accepted by the board: land $29,221; improvements $161,409; total $190,630. The board moved and seconded to accept the assessor’s adjusted value and approved the findings and conclusions.

During the meeting the board noted that alternate member Evans, confirmed by the assembly the prior evening, was present but did not participate in decisions because he had not received the meeting packet. The clerk swore in all persons giving testimony at the start of the hearing. Where a board member identified a conflict or familiarity with appellants or properties, the board recused that member and proceeded with the required quorum and alternates as allowed under board procedures.

The board certified that it will issue written findings of fact and conclusions of law and directed the clerk to mail the decisions to appellants and the assessor. The board also reviewed the docket for the next scheduled meeting (May 2) and noted at least one potential conflict for a future case. The meeting adjourned at 2:26 p.m.