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Applications for exemptions MUST BE received in office, submitted online, or postmarked by March 15th of the tax year in which the exemption is sought..
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It is the property owner's responsibility to ensure receipt of the application by the MOA.
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If you have received an exemption for a property in the prior year, and there have been no changes to the ownership or use of the property, there is no need to resubmit an exemption application. (see NONPROFIT HOSPITAL EXCEPTION below)
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Exemptions do NOT automatically transfer. If you had an exemption on a previous property and purchased a new property you must apply for an exemption on the new property, it does not transfer.
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It is the owners responsibility to notify the assessor of any changes in ownership, occupancy or use of an exempt property. Failure to notify the assessor may result in loss of the exemption, payment of back taxes, penalty and interest. Municipal Code 12.15.015 C.(6)
There are several types of property tax exemptions available:
Senior Citizen Exemption
- Up to $150,000 of the assessed value may be exempt for;
- Property owned and occupied as the primary residence and permanent place of abode by a (Senior) resident 65 years of age or older (who has reached the age of 65 prior to January 1 of the year for which the exemption applies), or A resident at least 60 years old who is the widow or widower of a person who qualified as a Senior.
- Application deadline; March 15 of the applicable year.
- Senior Exemption Application
Disabled Veteran Exemption
- Up to $150,000 of the assessed value may be exempt for;
- Property owned and occupied as the primary residence and permanent place of abode by a Disabled Veteran, or A resident at least 60 years old who is the widow or widower of a person who qualified as a Disabled Veteran.
- Application deadline; March 15 of the applicable year.
- Disabled Veteran Exemption Application
Residential Exemption
Owner occupied residential property may be partially exempt (40% of assessed value, up to $75,000 maximum).
- Application deadline; March 15 of the applicable year.
- Residential Exemption Application
Military Service Widow / Widower Exemption
Up to $150,000 of the assessed value may be exempt for;
- Property owned and occupied as the primary residence and permanent place of abode by a Military Service Widow or Widower.
- Exemption shall expire as of January 1 of the year following the date of subsequent marriage.
- Application deadline; March 15 of the applicable year.
- Military Service Widow / Widower Exemption Application
Disaster Exemption
Tax relief is available for owner occupied residential property at least 50% destroyed by fire. Application must be made within 120 days of the fire. Contact Property Appraisal at (907) 343-6770.
- Disaster Reassessment Application
Nonprofit Exemption
Property used exclusively for nonprofit religious, charitable, cemetery, hospital, educational or community purposes.
Initial Application deadline; March 15 of the applicable year.
Organizations receiving a religious, charitable, education or cemetery exemption are not required to file annual certification with the Assessors Office, per Assembly Ordinance 2011-108(S).
Organizations receiving a HOSPITAL exemption ARE required to file an annual certification with the Assessors Office on or before March 15th of each tax year.
Downtown Housing Incentive Application
Anchorage Municipal Code 12.60.010 authorizes property tax exemption for construction of new residential units, provided a minimum of four (4) new residential units are constructed and the construction increases the total number of residential units on property located entirely within the Central Business District.
Request for exemption must be made in writing, to the Chief Fiscal Officer prior to the construction of new residential units. Applications made after construction on the residential units begins shall be rejected.
- Economic Development Exemption Application
- Downtown Housing Incentive Ordinance
- Downtown Housing Incentive Map
Subdivision Property Tax Incentive Application
AMC 12.15.015 provides that a municipality may partially or wholly exempt from taxation all or a portion of the increase in assessed value directly attributable to the subdivision of a single parcel of property into three or more parcels and any improvements made to the property necessitated by its subdivision prior to sale or transfer.
A request for exemption from property taxes under this chapter shall be made in writing to the Municipal Assessor and must be submitted prior to March 15th of the year the exemption is requested.
- Subdivision Property Tax Incentive Application
- Subdivision Property Tax Incentive Ordinance
Business Property Exemption
Provides a tax exemption of $20,000 of assessed value for business personal property.
- Businesses with a value of $20,000 or more must file a Business Property Assessment Return annually, reporting all of its business personal property. A reminder letter will be mailed in January which includes the PIN required to Smart File.
- The $20,000 exemption will be computed and deducted from the assessed value and reflected on the Notice of Assessed Value that will be mailed by September 1st. Taxpayers with multiple locations are eligible for only one $20,000 exemption. The exemption will be pro rated based on the percentage of each location’s assessed value to the total assessed value for the entire business.
- Businesses with a value of less than $20,000 are not required to file a Business Property Assessment Return with the Municipality of Anchorage. However, they must complete a one-page Discovery Questionnaire when obtaining or renewing a business license with the State of Alaska.
Exemption applications, procedures and guidelines are available online, in the Property Appraisal Office located in City Hall, 632 West 6th Avenue, Suite 300, or by calling (907) 343-6770.