In Williams v. Ketchikan Gateway Borough, the supreme court held that a taxpayer who receives a grant to rebuild a house and, subsequently executes a Deed of Trust (DOT), remains the property owner and, thus, is not exempt from paying property tax. Williams received a grant to rebuild his house from the U.S. Government, which required Williams to repay the full amount if he sold the property within the next ten years. He then executed a DOT in which he promised to repay the grant. On appeal, Williams argued that executing the DOT transferred property ownership to the U.S. Government and therefore exempted him from paying property tax. The supreme court affirmed the lower court’s decision, reasoning that a DOT’s execution creates a security interest and that the DOT explicitly stated that Williams was responsible for paying the secured property’s taxes. Accordingly, the DOT execution did not divest Williams of his ownership interest in either the real property or the house rebuilt upon it. Affirming the lower court’s decision, the supreme court held that a taxpayer who executes a DOT remains subject to property taxes as the property’s owner.