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Assessor previews 2026 property valuations; personal property exemption jumps to $100,000
Summary
Assessor Jackie Davis told the Anchorage Municipality assembly the total assessed base is near an all‑time high and that a new $100,000 personal property exemption will likely reduce personal property value ~4%, with modest net effects on the overall tax base; major new-construction projects also boosted commercial values.
Assessor Jackie Davis presented the Anchorage Municipality’s preliminary 2026 property valuations on Jan. 9, reporting a total assessed value near $59.8 billion and a taxable base weighted roughly 68% residential, 25% commercial and about 8% personal property. Davis said the office expects the new personal property exemption—rising from $20,000 to $100,000—to produce roughly a 4% drop in personal property valuations and less than a half‑percent reduction in the total tax base for 2026.
Davis said the assessor’s office administers two core functions—exemptions and valuation—and that the statutory valuation date remains Jan. 1. “For this 2026 tax year…we anticipate probably about a less than a half of a reduction to the total tax base,” Davis…
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