In a recent meeting of the Kenai Peninsula Borough Board of Equalization, discussions centered on property valuation appeals, highlighting concerns over significant increases in property assessments compared to neighboring areas. The meeting, held via Zoom on May 28, 2025, featured appellant Mr. Basarjan, who expressed dissatisfaction with the current valuations of his properties, particularly noting discrepancies in septic system conditions that he believed warranted a reassessment.

Mr. Basarjan argued for a reduction in the assessed values of his properties, proposing figures of $9,500 for vacant lots and $186,127 for his house. He referenced previous years' assessments as a basis for his appeal. The board members engaged with Mr. Basarjan, seeking clarification on his proposed values and the comparables he used to support his case. Notably, board member Mr. Bagley pointed out that the borough had already reduced the assessed value of the house to $212,000 due to issues with the septic system, indicating that some adjustments had already been made.

The discussion also revealed a gap in Mr. Basarjan's analysis, as he admitted to not reviewing smaller comparable properties, which may have better reflected the value of his own. This oversight raised questions about the validity of his appeal and the appropriateness of the comparables he selected.

As the meeting progressed, the board members continued to probe into the details of the appeal, emphasizing the importance of accurate property assessments in ensuring fair taxation. The outcome of this appeal could have broader implications for property owners in the Kenai Peninsula Borough, particularly in light of rising property values and the need for equitable assessment practices.

The board's deliberations are expected to continue, with further discussions on the merits of Mr. Basarjan's appeal and the potential for adjustments to property valuations in the area. This meeting underscores the ongoing challenges faced by property owners in navigating the complexities of property assessments and the critical role of local government in addressing these concerns.