Exemption for Senior Citizens and Disabled Veterans with Local Option

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State

Alaska

Year

2019

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Exemption

Benefit

The first $150,000 of assessed value is exempt from taxation. By local option, municipalities may provide for exemption in addition to the first $150,000 in accordance with state regulations. Municipalities can provide additional relief and may adopt ordinances establishing that the individual must also meet the eligibility criteria of the Alaska Permanent Fund Dividend.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

Characteristics of Eligible Property

Only residential property is eligible for this benefit.

Eligibility Criteria

Age

Disability

Homeowner

Principal Residence

Veteran

Surviving Spouse

Other Criteria

Description of Eligibility Criteria

The exemption applies to real property owned and occupied as a primary residence by: (1) residents age 65 or older; (2) disabled veterans with a 50% or greater service-related disability; or (3) residents age 60 or older who are surviving spouses of a person otherwise qualified for this exemption. By local option, local governments may adopt ordinances prescribing that individuals must meet the eligibility criteria of the Alaska Permanent Fund Dividend in order to be eligible.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

Local option regarding program features

State Funding for Local Tax Loss

State and local government share the local tax loss

Description of State Funding for Tax Loss

The state reimburses local governments for that portion of the tax loss that is not discretionary to the local governing body. State reimbursement is conditional upon annual appropriations. Program costs have exceeded state funding levels since 1986 and the state has not appropriated revenues to reimburse the counties since FY1997.

Enrollment Data

In 2019, there were 44,057 approved applications, for a total assessed exempt value of $6,158,469,460 and $90,908,082 in total exempt taxes.

Record ID

AK103_RR19

Footnotes

If the applicant has already paid their taxes upon establishing eligibility, overpaid taxes shall be refunded. To qualify for a 2019 Permanent Fund Dividend applicant must be a resident of Alaska during all of calendar year 2018; intend to remain an Alaska resident indefinitely; not claim residency in any other state or country or obtained a benefit as a result of a claim of residency in another state or country at any time since December 31, 2018 In addition the applicant has not been sentenced as a result of a felony conviction during 2018, incarcerated at any time during 2018 as the result of a felony conviction, or incarcerated at any time during 2018 as the result of a misdemeanor conviction in Alaska if convicted of a prior felony or two or more prior misdemeanors since January 1, 1997. If absent from Alaska for more than 180 days on an allowable absence; and has been physically present in Alaska for at least 72 consecutive hours at some time during 2017 or 2018.

Sources

Alaska Stat. § 29.45.030(e); Alaska Stat. § 29.45.030(i)(in effect for 2019)

Department of Commerce Office of the State Assessor Alaska Taxable p. 38 (2020)
[https://www.commerce.alaska.gov/web/Portals/4/pub/OSA/Official%202019%20Alaska%20Taxable.pdf Accessed on 06/15/2020]
View Archived Source

Property Tax Exemptions in Alaska (2013) Division of Community and Regional Affairs [https://www.commerce.alaska.gov/web/dcra/LocalGovernmentOnline/TaxationAssessment/PropertyTaxExemptionsinAlaska.aspx accessed 06/15/2020]

View Archived Source

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