Senior Citizen Property Tax Exemption (State-Mandated)
Who qualifies
- Age
- 65 or older
- Income
- No income limit.
- Ownership
- Owner-occupant aged 65 or older on or before December 31 of the year preceding the exemption year.
- Residency
- Alaska resident for the entire preceding calendar year; must own and occupy the property as the primary residence and permanent place of abode before January 1 of the assessment year.
How much it saves
Worked example — a $300,000 home at Alaska's median effective rate (~0.71%):
Your county's rate differs — use the calculator for a figure tuned to where you live.
How to apply
- Application required: Yes
- Deadline: Filed with the local borough/city assessor; deadline is set by the municipality (e.g., Matanuska-Susitna Borough accepts timely applications through April 30). Many boroughs use a ~January 15-April deadline.
- Renewal: other — Renewal practice varies by borough; some require an initial application only, others require periodic reverification. Confirm with the local assessor.
Combining with other exemptions
A person cannot claim under more than one qualifying category; the $150,000 exemption is a single per-residence exemption. Boroughs may by voter-approved ordinance grant additional local exemptions on top of the state-mandated $150,000.
Amount cross-checked against a second official artifact: commerce.alaska.gov/web/dcra/LocalGovernmentResourceDesk/TaxationAssessment/PropertyTaxExemptionsinAlaska.aspx.
Informational only — not legal or tax advice. Exemption rules and amounts are summarized from official statutes and state tax-agency sources as of each program's verified date and can change by legislative session. Dollar figures are estimates derived from Census ACS county tax data, not actual bills. Confirm your eligibility and current amounts with your county assessor before relying on anything here.