Lee it a simple process to determine the market value of your property. Alaska state laws require property to be accessed at market value. You are entitled to a hearing before the Board of Equalization. All you have to do is show your property is being valued at a higher rate than properties in the same area.  However, it is also required that similar properties that have sold be used in your defense.   So when you neighbors sell a lot and you hear it sold for some price you have to expect you will be affected with your assessment.