This ordinance would require the sales price of real estate transactions within the City and Borough of Juneau to be disclosed confidentially to the CBJ Assessor’s Office. Mandatory price disclosure would increase the information available to the Assessor for the annual assessment process. Additional information will yield more accurate property assessments, and more accurate property assessments result in more equitable taxation between taxpayers.
If adopted, the required disclosure is not a public record and shall be kept confidential.
The Assembly Finance Committee reviewed this request at its September 2 meeting, and recommended that an ordinance be drafted and introduced at the September 21 regular Assembly meeting.