Assessed residential property values up about 15%

Petersburg residents are set to see the assessed value of their residential properties go up this year brought on by the current real estate market.

According to a report from the Appraisal Company of Alaska, the majority of the increases to assessed residential property values in Petersburg will range from 10% to 20%.

Assessors Mike Renfro and Martins Onskulis with the Appraisal Company of Alaska gave their report on the 2023 estimated tax assessments for the borough during Monday's Petersburg Borough Assembly meeting.

The increase in property values is not unique to Petersburg and is being d...