Section 15.19.201. Averaging property values.

As a general rule, the average value of property owned by the taxpayer shall be determined by averaging the values at the beginning and ending of the tax period. However, the commissioner will, in his discretion, require or allow averaging by monthly values if that method of averaging is required to properly reflect the average value of the taxpayer's property for the tax period. Averaging by monthly values will generally be applied if substantial fluctuations in the values of the property exist during the tax period or where property is acquired after the beginning of the tax period or disposed of before the end of the tax period. Averaging with respect to rented property is achieved automatically by the method of determining the net annual rental rate of that property as set out in 15 AAC 19.181 and 15 AAC 19.191.  

Authorities

43.05.080;43.19.010

Notes

Reference

15 AAC 19.1190
15 AAC 19.1290
15 AAC 19.141

Authority

AS 43.05.080 AS 43.19.010

History

Eff. 5/24/78, Register 66; am 3/31/82, Register 81