Assessing Department  

Annual Assessment Revaluation – January 1, 2018:

Taxable property located within the borough has been valued and assessment notices were mailed March 15th.  The taxbase increased to $1.12B this year with a net increase in real property value of $40.6M (4.1%), and a marginal increase of $0.9M (1.5%) for personal property.  Real property gains included an estimated $25.2M in new construction.  The average residential value increase was $13,700 per property, which amounts to about 3.6% of market value on the single-family average sales price of $378,400. 

 

Real property transfers during 2017 continued to be strong 186 market transactions.  Fifty-one percent of the market transactions were disclosed to the Assessing Department, leaving 49% of relevant market data unavailable for valuation purposes.  A good percentage of Sitka’s sales are not professionally marketed, moving by word of mouth or alternate advertising means, and thus cannot be found on a multiple listing service database.  In addition, 25% of this year’s sales were cash transactions which also may not appear in centralized market database.  All of these factors combined, leave holes in the data available to the assessor for valuation analysis and can have an effect on the accuracy of assessed values.  Despite these challenges the following facts were gleaned from the sales information that was disclosed and are provided for reference. 

 

 

Sale Type

Count

Avg Sale Price

Minimum

Maximum

Single-Family

34

$378,400

$100,000

$725,000

Residential With Apartment

11

$440,800

$355,000

$618,000

Zero Lot Line

2

$357,500

$315,000

$400,000

Condos

4

$174,000

$145,000

$190,000

Land

18

$77,300

$8,000

$240,000

Multi-Family

1

$212,000

$212,000

$212,000

Mobile Home

15

$48,700

$4,000

$179,500

Multi-Parcel Sales

1

$1,658,700

$1,658,700

$1,658,700

Commercial

1

$1,750,000

$1,750,000

$1,750,000

Island

4

$312,000

$100,000

$500,000

 

The full 2018 Assessment Revaluation Report can be viewed here.

 

 

      Forms and Downloads

Frequently Asked Questions

Frequently Asked Questions about the Assessing process

F.A.Q.'s Brochure

Links of Interest

 

The Assessing department is responsible for assessing the value of all properties within the City and Borough of Sitka boundaries; and administers all State and Borough exemptions as set forth in State Statutes and Borough Code. The department also maintains property record information, which includes ownership, address, assessed value, and legal property descriptions.

 

Assessing has two primary missions:

  1. Administer a property assessment that is fair, uniform, and equitable by employing the following seven procedures:
    1. Locate and identify all taxable property within the Sitka Borough
    2. Inventory the quantity, quality and important characteristics of all taxable property
    3. Accurately estimate the market value of each taxable property
    4. Calculate the taxable value(s) for each property
    5. Timely notify the owner(s) of the assessed value
    6. Respond to inquiries regarding methods and values; governing laws and regulations
    7. Prepare and certify the official assessment roll of the entire borough
  1. Provide up-to-date information about assessment and related property matters, a service grown in importance to the community over the years.

Office Hours

8:00 a.m. - 5:00 p.m. Monday - Friday (excluding holidays)

Physical Location/Mailing Address

City & Borough of Sitka

Assessing Department

100 Lincoln St, Room 108

Sitka, AK 99835

 

Department e-mail address:  assessing@cityofsitka.org

Staff

Wendy J. Lawrence, ACAA III - Assessing Director
(907) 747-1820
wendy.lawrence@cityofsitka.org

Ruth Joens - Administrative Assistant
(907) 747-1822
ruth.joens@cityofsitka.org

Josh Joseph - Appraiser I

(907) 747-1829

 

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