Property assessments climbing higher across the state

Though Wrangell appears to have led the state with its overall 56% increase in assessed property values this year, residents in Petersburg, Juneau and the Matanuska-Susitna Borough also are receiving significantly higher assessment notices in the mail this month.

Cordova, Nome and Valdez, too.

Average home values in the Alaska communities are up 10% to 20%, part of a nationwide trend of rising property values the past few years as construction costs escalated, the supply of homes for sale was tight and buyers tried to close on deals before interest rates started rising last year.

“It seems to...