- Alaska Statutes.
- Title 29. Municipal Government
- Chapter 45. Municipal Taxation
- Section 52. Tax Deferral for Primary Residences.
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AS 29.45.052. Tax Deferral for Primary Residences.
- (a) A municipality may by ordinance provide for the deferral of all taxes on property that is owned, in whole or
in part, by an individual
- (1) who occupies and has occupied the property for at least 10 consecutive years as the individual's primary
- (2) whose income is at or below federal poverty guidelines for the state set by the United States Department
of Health and Human Services.
- (b) An individual must apply for each year that a deferral is sought and supply proof of eligibility for the
deferral for that year in accordance with requirements set out in the ordinance that authorizes the deferral. Taxes for a year that are
deferred do not become payable until ownership of the property is transferred from the individual who obtained the deferral. A
municipality that provides for a deferral of property taxes under this subsection may not impose interest on the taxes deferred between
the time the deferral is granted and the time the taxes become payable.
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