Senior Citizen/Disabled Vet Property Tax Exemption
TIMELY APPLICATIONS ARE ACCEPTED THROUGH APRIL 30TH.
SENIOR CITIZEN/DISABLED VETERAN PROPERTY TAX EXEMPTION(AS 29.45.030)
- Applicant must be 65 years of age on or before December 31st of the prior year for which the exemption is sought.
- Applicant must show proof of age the first time applying with one of the following: The NEW Alaska drivers license or NEW Alaska state ID, Passport, Birth Certificate, or Military ID.
- A qualified senior citizen need not file an application for successive tax years if there is no change in ownership, in residency, permanent place of abode, or other factor affecting qualification for the exemption.
- Widow/Widower: Upon attaining 60 years of age, the widow/widower, of a previous program participant, may obtain an exemption under the above requirements. Must provide copies of marriage and death certificates.
A disabled person separated from the military service of the United States under a condition that is not dishonorable, who is a resident of the state, whose disability was incurred or aggravated in the line of duty in the military service of the United States, and whose disability has been rated as 50 percent or more by the branch of service in which that person served or by the Veteran's Administration, with an effective date prior to January 1st of the applicable tax year.
- New applicants must file each year by April 30th of the applicable tax year. In addition to the application, the applicant must submit a current 50% or more service connected disability percentage rating and the effective date of the disability letter from the Veteran's Administration each year by April 30th.
- A disabled veteran who has less than a permanent disability letter must submit an official disability percentage letter and application each year prior to April 30th.
- Applicant must be a resident of the State of Alaska for the entire year prior to the exemption year.
Applies to All Applicants
Applicant must own and occupy the property as their permanent place of abode prior to January 1st of the assessment year for which the exemption is sought. Each subsequent year the property must be owned and occupied a minimum of 185 days as the primary residence prior to January 1st of the exemption year.
The applicant may NOT own other property which is currently or will be receiving a Residential, Senior Citizen, or Disabled Veteran exemption.
If the property is recorded into a trust we do require the following pages of the trust:
- First page of trust.
- Page designating you as the sole owner/trustee.
- Page that specifically identifies the property placed into trust.
- The signature/date witness page.
Change notification: It shall be the responsibility of every person who obtains an exemption under this section to notify the assessor of any change in ownership, property use, residency, permanent place of abode, status of disability, or other factor affecting qualification for the exemption.
Up to $150,000 of the assessed value may be exempt under the mandatory Senior Citizen/Disabled Veteran exemption program for qualified applicants. Up to $68,000 of the assessed value may be exempt under the optional Senior Citizen/Disabled Veteran exemption program for qualified applicants