1. (a) Subject to the limitations period provided in AS 43.05.260, the department may issue a supplementary or amended assessment roll to assess the amount of tax imposed under AS 43.56.010 at any time.

2. (b) A supplementary or amended assessment may result in increases or decreases in the assessed values reported on an original assessment roll due to

   1. (1) assessment of property or property value that was omitted from a previous assessment roll; or
   2. (2) correction of an error, whether the error was made by the property owner, the department, or otherwise.
3. (c) The municipal mill rate applicable to a supplementary or amended assessment roll is the mill rate that applied to the property in the year the property originally was or should have been assessed.
4. (d) The department will send notice of a supplementary or amended assessment to each property owner and each municipality as provided in 15 AAC 56.010, except that the March 1 deadline for the current tax year does not apply to a notice of a supplementary or amended assessment. A notice of supplementary or amended assessment will be sent within a reasonable time after the department makes the supplementation or amendment, but no later than March 1 of the tax year immediately following completion of the supplementary or amended assessment. The department may issue supplementary and amended assessments in separate documents or together in one document.
5. (e) The effective date of a notice of a supplementary or amended assessment is the mailing date certified by the department in the notice.

(Eff. 7/30/82, Register 83; am 1/1/2003, Register 164)

Authority: AS 43.05.010, AS 43.05.260, AS 43.56.140, AS 43.05.080, AS 43.56.060, AS 43.56.200