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Muni.org > Departments > Finance > Property Appraisal > Exemptions

Exemptions

There are several types of property tax exemptions available:

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 recieving 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 recieving a hospital exemption are required to file an annual certification with the Assessors Office on or before March 15th of each tax year.

• New Nonprofit Application Information (due March 15)  

Senior Citizen Exemption

1. Up to $150,000 of the assessed value may be exempt for;
2. Property owned and occupied as the primary residence and permanent place of abode by a (Senior) resident 65 years of age or older, or  A resident at least 60 years old who is the widow or widower of a person who qualified as a Senior.
3. 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;

1. Property owned and occupied as the primary residence and permanent place of abode by a Disabled Veteran, or
2. A resident at least 60 years old who is the widow or widower of a person who qualified as a Disabled Veteran.
3. Application deadline; March 15 of the applicable year.

•             (Disabled Veteran Exemption Application)

Residential Exemption

Owner occupied residential property may be partially exempt (10% of assessed value, up to $20,000 maximum). Application deadline; March 15 of the applicable year. 

•             (Residential Exemption Application).

Disaster Exemption 

Tax relief is available for owner occupied residential property at least 50% destroyed by fire. Application must be made within 60 days of the fire.  Contact Property Appraisal at (907) 343-6770. 

Fire Protection Exemption

Up to 2% of building value may be exempt if the structure contains an approved fire protection system.  Application deadline; March 15 of the applicable year.

•             (Fire Protection Exemption Application). 

Business Property Exemption 

Provides a tax exemption of $20,000 of assessed value for business personal property. 

1. Businesses with a value of less than $20,000 are no longer required to file a Business Property Assessment Return with the Municipality of Anchorage. The preprinted Business Property Assessment Return will not be mailed to businesses with an assessed value of less than $20,000 in the previous tax year. New businesses with a value of less than $20,000 must complete the one-page Discovery Questionnaire.
2. Businesses with a value of $20,000 or more must file a Business Property Assessment Return reporting all of its business personal property. A preprinted  Business Property Assessment Return will be mailed in mid-February and the passwords to e-file the return will be mailed by the end of February.
3. 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 in mid-July. 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.         

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.