Are You Taking Advantage Of All Of The Property Tax Exemptions For Which You Are Qualified And Entitled?


There are currently eight types of Municipal Property Tax Exemptions which can reduce a homeowner’s property taxes.  A homeowner may qualify for multiple exemptions which may reduce their property taxes significantly.  They are as follows:

  1. Residential Exemption: Up to $20,000 of Assessed Valuation.
  2. Senior Citizen Exemption: Up to $150,000 of Assessed Valuation.
  3. Disabled Veteran Exemption: Up to $150,000 of Assessed Valuation.
  4. Military Service Widow/Widower Exemption: Up to $150,000 of Assessed Valuation.
  5. Disaster Exemption: Variable
  6. Fire Protection Exemption: Up to 2% of Building Assessed Valuation.
  7. Business Property Exemption: Up to $20,000 of Assessed Valuation.
  8. Non-Profit Exemption: Up to Assessed Valuation.

Click on the link below to get more complete information:

http://www.muni.org/Departments/finance/property_appraisal/Exemption/Pages/default.aspx

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This entry was posted in Anchorage Area Real Estate, Oceanview, Property Taxes and tagged , , , . Bookmark the permalink.

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