- Alaska Statutes.
- Title 29. Municipal Government
- Chapter 45. Municipal Taxation
- Section 62. Land Subject to a Conservation Easement.
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AS 29.45.062. Land Subject to a Conservation Easement.
- (a) Land that is subject to a conservation easement created under AS 34.17 and used consistent with the conservation easement shall be
assessed on the basis of full and true value for use subject to the conservation easement and may not be assessed as
though it was not subject to the conservation easement. The assessor shall maintain records valuing the land for both
full and true value and value subject to the conservation easement. The municipality may, by ordinance, require that if
the land is sold, leased, or otherwise disposed of for uses incompatible with the conservation easement or if the
conservation easement is conveyed to the owner of the property, the owner shall pay to the municipality an amount equal
to the additional tax at the current mill levy together with eight percent interest for the preceding 10 years, as
though the land had not been assessed subject to the conservation easement.
- (b) To secure the assessment under this section, an owner of land subject to a conservation easement shall apply to the
assessor before May 15 of each year in which the assessment is desired. The application shall be made upon forms
prescribed by the assessor and shall include information that may reasonably be required to determine the entitlement
of the applicant.
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