Assessment increases for Juneau homes explained

    Juneau, Alaska (KINY) - The values for single family homes in Juneau went up by 8.4% on average over the last year, according to a release from the CBJ Assessor Office.

    The release says this market activity is reflected in the 2022 property assessments.

    The Assessor says the increase in value was driven by a high demand for homes, low supply of new homes, and rapidly rising building costs.  

    The average assessment increases for a single-family home by neighborhood range from as little as 5% out Thane Road to as much as 12.2% in the Casey Shattuck Subdivision known as the Flats in the downtown area.

    The release explains that commercial property assessments generally did not go up at the same rate.  Overall, commercial assessed property values increased 2.31% from 2021 to 2022. The overall increase did not keep up with 2021 market trends which amounted to 5%.  

    Property owners who feel their assessment is inaccurate must file a petition for  review by 4:30 p.m. on Thursday, April 7.

     

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