Alaska Supreme Court March 28, 1997, S-7276 (Faulk v. Board of Equalization)

OPINION

FABE, Justice.

I.

INTRODUCTION

David and Bonnie Faulk appeal a superior court decision upholding a Kenai Peninsula Borough (Borough) property valuation. The valuation, calculated for tax purposes, appraised the Faulks’ property at more than twice what the Faulks had paid for the property approximately thirty days before the appraisal.