1. Real property shall be assessed to the owner of record as shown on the records of the Kodiak district recorder; provided, however, that any other person having an interest in the property may be listed on the assessment records with the owner. The person in whose name any property is listed as owner thereof shall be conclusively presumed to be the legal owner of record for tax purposes. If the owner of the land is unknown, such land may be assessed to the unknown owner or unknown owners. No assessment shall be invalidated by a mistake, omission or error in the matter of the owner of real property assessed, if the property is correctly described, and it shall be the responsibility of the owners of the property to keep the assessor properly informed as to their current address and no assessment shall be invalidated on the basis of improper notice if it is shown that the notice of value has been sent to the last known address of the owner of record.

2. Personal property shall be assessed to the last reported owner of record as contained in borough records. No assessment shall be invalidated by a mistake or omission or error regarding ownership of personal property. It is the responsibility of the owners of personal property to keep the assessor properly informed as to the current status of their business, whether active or inactive and their current mailing address.

3. On or before February 1st of each year, the owners of mobile home parks or other properties upon which are situated one or more mobile homes that do not belong to the owner of the underlying land shall submit to the borough assessor a report that, to the best of their knowledge, identifies the owner of record for each mobile home located on their property, as well as the mailing addresses and other contact information for those owners.

4. The assessor may list real property located in any subdivision by lot and block or tract description, and unsubdivided property according to the land office, section and township survey description, or by giving the boundaries thereof, or by reference to the book and page of the records of the Kodiak district recorder where the description may be found, or by designation of tax lot number referring to a public record kept by the assessor of descriptions of real property, or in such other manner as to cause the description to be capable of being made certain. Initial letter, abbreviations, fractions and exponents to designate the township, range, section or part of a section, or the number of any lot or block or part thereof, or any distance, course, bearing, or direction, may be employed in any such description of real property.

5. A private interest in public property is taxable. When any real or personal property which would otherwise be exempt from taxation because of ownership or control by a federal, state, or municipal government, or by some other tax exempt entity is leased, loaned, or otherwise made available to and used by a private person, such person’s interest therein shall be taxed in the same manner as taxes assessed to owners of real property, except that taxes assessed under this subsection shall be a lien only on the interest in the property of such person. Private leaseholds, contracts or other interest in land, or property owned or held by the United States, the state, or other political subdivisions and other tax exempt entities, shall be taxable to the extent of the value of the possessory interest.

6. The assessor, either personally, or through any designated assistant, shall, after identifying themselves, have the right to enter upon and inspect the premises of any person at reasonable times for the purpose of making an examination, evaluation or assessment of the real property. The assessor or the assessor’s agent shall have access to and may examine all property records relevant to its valuation, including but not limited to income and expense statements, rent rolls, leases, pertinent income tax forms, and sale closing documents. Any person shall, upon request, furnish to the assessor or designated assistant every facility and assistance for the purpose of such examination, evaluation, or assessment.

7. The borough shall keep confidential all proprietary records received by the assessor’s office, for which there exists a reasonable expectation of confidentiality. Such records may include tax returns, rent rolls, income and expense statements, sales and finance information, and other financial information that is not readily accessible by some other means.

1. The names and last known addresses of all persons with property liable to assessment and taxation;

2. A description of all taxable property; and

3. The assessed value of all taxable property.

1. The assessor shall give to every person named in the assessment roll a notice of assessment showing the assessed value of his property. On the assessment notice shall be printed a brief summary of the information for the taxpayer; of the dates when the taxes are payable, delinquent and subject to interest and penalty; final dates for appeal of the assessment to the board of equalization; dates when the board will sit for equalization purposes; and any other particulars specified by the borough assembly. The assessment notice shall be directed to the person to whom it is to be given and shall be sufficiently given if it is mailed by first-class mail addressed to, or is delivered at, his address as last known by the assessor. If the address is not known to the assessor, the notice may be addressed to the person at the post office nearest to the place where the property is situated. The date on which the notice is mailed shall be deemed to be the date on which the notice is given for purposes of this chapter.

2. When valuation notices have been mailed, the assessor shall cause notice that the assessment rolls have been completed to be published in a newspaper of general circulation, published in the borough at least once each week for two successive weeks. If no newspaper of general circulation is published in the borough, the assessor shall have the notice posted at two public places for a period of two weeks. The notice shall state when and where the equalization hearings will be held.

3. The assessor may correct an error or supply an omission in the assessment roll at any time before the sitting of the board of equalization. It shall be the duty of every person who receives a notice of assessment to advise the borough assessor of any error or omission in the assessment of the person’s property, so that the borough assessor may correct any errors in the assessment roll.

4. Period of Review. The borough assessor or designees may perform reviews of assessed values within 30 days of the date that assessment notices have been mailed.