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Board of Equalization swears in members, acknowledges assessment roll and reports no appeals
Summary
At the outset of the 2025 Board of Equalization session, members were sworn in, elected a presiding officer and acknowledged the assessor’s preliminary real and business personal property roll. The assembly reported a 5% increase in total assessed value compared with 2024 and registered no appeals by the deadline.
The Ketchikan Gateway Borough Board of Equalization convened for its 2025 session. The clerk administered oaths of office to board members and staff; Glenn Thompson was nominated and elected presiding officer by unanimous consent.
Adam Thompson, the borough’s director of assessment, presented the preliminary assessment roll. Thompson told the board that total assessed value increased by approximately 5% from the prior year, driven primarily by market adjustments, the reappraisal cycle and new construction. He said the 2024 reappraisal assistance program (REAP) covered about 2,500 parcels across Ward Cove, the tunnel area, Pennock/Gravina and outlying areas.
Thompson also summarized mandatory exemptions for seniors and disabled veterans, noting the borough adds roughly 10–15 senior exemptions per year. After brief questions from board members about specific parcel changes (one parcel in an “old dairy” area saw a large percentage increase tied to a new housing complex, Tongass Townhomes), the board moved to acknowledge receipt of the assessor’s preliminary roll. The motion to acknowledge receipt passed on roll call (unanimous). The clerk reported the appeals deadline had passed with no appeals filed as of the 5 p.m. deadline, and the board adopted a motion to direct the assessor to accept no more late-letter appeals for 2025.
