The Kenai Peninsula Borough property tax exemption programs for permanent residents of the Kenai Peninsula Borough is reminding qualified residents of the January 16th, 2023 deadline for filling applications.
Applicants must own and occupy their property by January 1 and must occupancy 185 days each year. Applications must be postmarked or delivered to the Assessing Department by 5 p.m. January 16, 2023.
The $50,000 Homeowner Exemption is available to all eligible borough residents. Other exemption programs are available for Senior Citizens, Disabled Veterans, and Disabled Residents.
Applications are available at Borough Offices in Soldotna, Homer and Seward. Application Forms are also available for printing from the borough website.
For more information, please call the Assessor’s Office (907) 714-2230 – toll free within the borough 1-800-478-4441.
Exemption Programs for Residents
The following exemptions are available to borough residents who own their property and occupy it as their primary residence and permanent place of abode. The applicant must be the owner of record as of January 1st of the year applied.
Homeowner’s Exemption: Requires a one-time filing by the owner of record and remains in effect until ownership or occupancy changes. Owners have the responsibility of notifying the Assessor if they begin to rent the property or no longer meet the borough residency or occupancy (at least 185 days) requirement. Exempts up to $50,000 in assessed value of the property.
Volunteer Firefighter/EMS Exemption: Requires annual filing and is available for current and active Volunteers of a recognized First Responder Service, Registered Fire Department or Ambulance Service. Applicant must hold an EMS or Firefighting certificate approved by the State of Alaska . The Fire or EMS Chief for each department must submit names of eligible volunteers. Exempts up to $10,000 in assessed value of the property. Maximum of 2 qualified applicants per parcel.
Disabled Resident Tax Credit: Requires annual filing by the owner of record. Applicant must have been determined in writing to be totally disabled within the meaning of the Social Security Act. Written evidence of the disability determination must be submitted each year at time of filing. Maximum of $500 is credited toward the resulting taxes on the property.
Applications for the Homeowner, Volunteer FF/EMS or Disabled Resident Exemptions must be delivered to the Assessor’s Office, or postmarked on or before JANUARY 15 of the application year.
Senior Citizen Exemption: Applicant must be 65 years of age or older before January 1 of the filing year (or surviving spouse age 60 or older). Proof of age (i.e., birth certificate) must be provided at the time of initial filing. The applicant must be eligible to receive a Permanent Fund Dividend. Exempts up to $300,000 in assessed value of the primary residence and residential land use.
Disabled Veteran Exemption: Requires a one-time filing by the owner of record and remains in effect until ownership or occupancy changes. The applicant must have a service-connected disability rated at 50% or more by the Veterans Administration. Verification of disability rating must be submitted annually. Exempts the value of the primary residence and residential use of land.
Applications for the Senior Citizen or Disabled Veteran Exemptions must be delivered to the Assessor’s Office, or postmarked on or before March 31 of the application year.