Limits property tax assessment increases to 5% unless due to property improvements or new information.

The bill restricts property tax assessors in Alaska from increasing the assessed value of real property by more than 5% over the previous year's value unless the increase is due to property improvements or new information the assessor did not have previously. This measure aims to prevent arbitrary or excessive property tax assessments.

Limits property tax assessment increases to 5% unless due to property improvements or new information.

The bill restricts property tax assessors in Alaska from increasing the assessed value of real property by more than 5% over the previous year's value unless the increase is due to property improvements or new information the assessor did not have previously. This measure aims to prevent arbitrary or excessive property tax assessments.