Department of Revenue
Post-Filing Notice
Adopted and Filed Regulations for Property Tax

The Alaska Department of Revenue has completed its project for property tax regulations which were publicly noticed, September 2016, Department of Law file number JU201600857.  The regulations have been adopted by the Commissioner of Revenue, filed by the Lt. Governor, and become effective December 29, 2016.

The adopted regulations:

• Repealed certain language related to an appeal by a municipality under 15 AAC 05.010(a)(3)(A);
• Repealed 15 AAC 56.015, ‘appeal procedures;’
• Added that an appeal must be ‘timely’ received at 15 AAC 56.020(b) and 15 AAC 56.030(b);
• Updated the referenced authorities at 15 AAC 56.050(a);
• Conformed the percentage of the average per capita assessed value of property at 15 AAC 56.070(b), (c), and (d) to agree to the rate in statute; and
• Deleted “The economic life of proven reserves will be established each year using petroleum engineering methods.” From 15 AAC 56.100(a).

NOTE: Please see the attachment for the entire text of the final adopted and filed regulations.