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Kenai Peninsula Borough adopts resolution asking state to allow caps on annual assessment increases
Summary
The assembly voted 8–1 Dec. 2 to ask the Alaska Legislature for authority to let municipalities cap annual increases in real‑property assessed value, approving an amended version that clarifies the limit applies to assessed value and exempts transfers or improvements.
The Kenai Peninsula Borough Assembly voted 8–1 on Dec. 2 to adopt Resolution 2025‑046, a request that asks the Alaska Legislature to grant municipalities discretionary authority to limit how much a parcel’s assessed value may rise in a single year.
The resolution, introduced by Assemblymember Dan Dunn and amended by Assemblymember Matt Hicks, asks the state to allow a local ordinance that would, for example, cap assessment increases at 5% over the prior taxable year except when title transfers or improvements occur. Borough attorney Kevin Kelly read the amended, as‑proposed language during the meeting.
Why it matters: Assembly members said recent rapid valuation increases — described in the…
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