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(TNS) – Anchorage property values increased slightly overall in 2018, though a few hundred homeowners may be looking at a lower home value because of damage caused by the Nov. 30 earthquake and its aftershocks, city assessors say.

About a week ago, the Anchorage property-tax appraisal office began mailing tens of thousands of assessment notices known as green cards. They show the city’s estimate of what a property would sell for on Jan. 1. It’s a critical step in determining a household or business property tax bill, which pays for essential city services such as police, firefighters and snowplowing.

This year, those with significant damage from the 7.0 earthquake may be asked to pay less.

In recent weeks, property appraisers worked with building-safety officials to identify damaged buildings. Officials have been using a system of green, yellow and red tags to indicate damage. Red-tagged buildings are unsafe to enter; a yellow tag means limited occupancy.

http://www.govtech.com/em/disaster/Hundreds-of-Anchorage-Dwellings-Were-Damaged-in-the-Nov-30-Earthquake—-and-That-Might-Change-Their-Property-Tax-Assessments.html