AK · No general homestead exemption
Alaska homestead exemption
Alaska has no statewide homestead exemption for all homeowners, and there is no state property tax; cities and boroughs set their own.
- Main exemption
- No general exemption
- Filing deadline
- Not in our data
- Own and live there by
- Not in our data
- Renewal
- Not in our data
- Where to file
- City or borough assessor
Alaska has no statewide homestead exemption for all homeowners, and there is no state property tax; cities and boroughs set their own. Voters in a municipality may approve a residential exemption of up to $75,000 of assessed value. Statewide, owners 65 or older and disabled veterans get the first $150,000 of assessed value exempt.
Last verified · Sources
How much the Alaska exemption is worth
Alaska has no general homestead exemption for all homeowners. The relief that does exist is described below.
Who qualifies
- Local residential exemptions follow each municipality's voter-approved ordinance
- The senior and veteran exemption requires owning and occupying the home as your primary residence and permanent place of abode
- A municipality may also require you to be eligible for the Permanent Fund Dividend
Deadline and renewal
Each municipality sets its own application procedure and deadline by ordinance. A written application to the local assessor is required.
If you missed the deadline
The municipality's governing body may accept a late application for good cause shown. Taxes already paid are refunded if an application is approved afterward. Source.
Extra breaks for seniors, veterans and disabled owners
| Who | Program | Amount | Details |
|---|---|---|---|
| Seniors | Senior citizen exemption (65+) | $150,000 off assessed value | Residents 65 or older get the first $150,000 of assessed value of their primary residence exempt. A municipality may allow more in cases of hardship. Source |
| Veterans | Disabled veteran exemption | $150,000 off assessed value | Veterans with a service-connected disability rated 50% or more (including Alaska Territorial Guard service) get the first $150,000 of assessed value exempt. The assessor will ask for the disability rating. Source |
| Surviving spouses | Widow or widower 60+ | $150,000 off assessed value | An unremarried widow or widower at least 60 years old of someone who qualified as a senior or disabled veteran keeps the $150,000 exemption. Municipalities may extend it to younger surviving spouses by voter-approved ordinance. Source |
| Other | Local residential exemption | $75,000 off assessed value | A municipality may exempt up to $75,000 of assessed value per residence by voter-ratified ordinance, and may raise it yearly for inflation. Source |
Law: AS 29.45.030(e)-(f); AS 29.45.050(a)
Alaska county guides
County guides for Alaska are not published yet. File with: City or borough assessor.
Frequently asked questions
Do Alaska seniors pay property tax?
Owners 65 or older pay no tax on the first $150,000 of assessed value of their primary residence; any value above that is taxed.
When do I apply?
Each city or borough sets its own deadline. Contact your local assessor, and file a written application.
Sources
- AS 29.45.030 Required exemptions · Alaska State Legislature
- AS 29.45.050 Optional exemptions and exclusions · Alaska State Legislature
Last verified
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