City says some homeowners will see drop in property value

It’s a familiar sight for Anchorage property owners — those little green assessment cards have started appearing in mailboxes. But this year some homeowners may get a surprise. For the first time in recent memory, some property values have declined.
Municipal assessor Bryant Robbins said it’s happening mostly on the Anchorage Hillside, where homes lost an average of 2.1 percent in value. Even so, he cautioned, it isn’t all homes, and the city still considers the real esta