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| PERSONAL PROPERTY:
Personal property consists of items that are not permanently affixed to the land, such as boats, aircraft, and heavy equipment.
Business personal property consists of items used to operate a business, such as desks, tools, fishing gear, and restaurant equipment. For more information on items that would be taxable please contact the Assessing Department.
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All owners of personal property are required to file a personal property statement with the Assessor's office by FEBRUARY 15th of each year. Any statement filed after this date will be subject to penalty and interest. Personal property forms are available at the Borough Assessor's Offices in Soldotna and Homer, or at city halls within the borough. Personal property forms are mailed to all previous filers during December of each year. Property taxed through Alaska Department of Motor Vehicles (cars, trucks, motorhomes, snowmobiles and ATV's) should not be listed on a personal property statement. This DOES NOT include Boats. All boats located in the borough must be listed on a personal property statement.
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REAL
PROPERTY:
Real property consists of the land and everything attached to the land; these are called improvements and may be such things as: houses, mobile homes, outbuildings, barns, fences, etc. These improvements are valued by the appraiser. This is a year-round function of the Assessor's office. |
| ASSESSMENT
NOTICES:
Real Property assessment notices are mailed March 1st, and April 1st for Personal Property . This notice will advise you of your current year valuation and as well as any amount that is exempted. If you do not agree with the valuation, you have 30 days in which to file a written appeal to the Board of Equalization. Prior to filing a formal appeal, taxpayers are encouraged to first speak to a member of the appraisal staff. Many times an adjustment can be reached before an appeal is necessary. State Statutes and Kenai Peninsula Borough Code require property to be assessed at its full and true value as of January 1 of each assessment year.
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| TAX
PAYMENTS:
Taxes are payable when billed. The tax bills are mailed JULY 1st and are due in full on or before October 15th. At the option of the taxpayer, taxes may be paid in two equal installments. If the taxpayer elects this option, the first one-half of the taxes must be paid on or before September 15th. The second one-half taxes then becomes due on or before November 15th and becomes delinquent thereafter. If the first one-half of the taxes is not paid by September 15th, payment of the taxes IN FULL becomes due on or before October 15th.
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| EXEMPTIONS & DEFERMENTS
The Kenai Peninsula Borough has various property tax exemptions and deferments that are available to its residents. Exemptions are available on a single parcel of real property owned and occupied as the primary residence and permanent place of abode by a resident for at least 183 days per year. Only one exemption is allowed per household. Residential Exemptions are AUTOMATICALLY REMOVED from a parcel when the Assessing Department receives notice of a change of address outside the borough. |
| 1. A $20,000 EXEMPTION for the owner (resident) of a permanent place of abode. This includes mobile homes. The $20,000 is subtracted from the assessed valuation before borough taxes are calculated. Applications are due before JANUARY 15TH of each year. Once an exemption has been approved, the owners of record will not be required to file an updated application each year as long as the owner meets the occupancy requirement. It is the owner’s responsibility to notify the Assessor if they are renting the property or no longer meet the occupancy requirement. Should there be absence due to medical reasons, the exemption may be granted by providing satisfactory evidence to the Assessor. | |
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2.
SENIOR CITIZEN EXEMPTION:
Up to
$300,000 of assessed value for the primary residence of a Senior Citizen
may be exempted. To qualify,
the applicant must be age 65 or older (or surviving spouse age 60 or
older), own and occupy the property as their primary residence and
permanent place of abode, and must also qualify for an Alaska Permanent
Fund Dividend. City tax will still be calculated on assessed values in excess of $150,000 for parcels located within the boundaries of Homer, Kenai, Seldovia, Seward, Soldotna or Homer. Exemptions are
AUTOMATICALLY REMOVED from a parcel when the Assessing Department receives
notice of a change of address outside the borough. |
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3. DISABLED VETERANS EXEMPTION: The Disabled Veteran Exemption is available for residential real property owned and occupied by a resident who is a disabled veteran with a 50% or more service connected disability. Evidence of the disability rating must be submitted at time of filing. Applications are due by FEBRUARY 15TH of the year being applied for. This exemption is a one time filing. However, each applicant must submit a current VA letter, confirming their disability rating each year. If an updated letter is not received each year, the exemption will be removed. City tax will still be calculated on assessed values in excess of $150,000 for parcels located within the boundaries of Homer, Kenai, Seldovia, Seward or Homer. Exemptions are AUTOMATICALLY REMOVED from a parcel when the Assessing Department receives notice of a change of address outside the borough. |
| 4. DISABLED RESIDENT EXEMPTION: A resident who has been determined, in writing, to be totally disabled by the administrator, board or other appropriate authority of the U. S. Social Security Program, Federal Civil Service System, Postal Employees Retirement System, Civil Service Retirement System, or any State Public Employees Retirement System can receive up to $500 tax exemption per year. This exemption must be applied for each year and is due by JANUARY 15TH. Renewal application forms are mailed to all previous filers in NOVEMBER of each year. A letter verifying disability status must accompany all applications for Disabled Resident Exemption. | |
| 5. VOLUNTEER FIREFIGHTER - EMS PROVIDE EXEMPTION: A resident who is an active volunteer providing firefighting or emergency medical services in the borough can receive an additional $10,000 exemption (maximum of 2 per household). This exemption must be applied for each year and is due by JANUARY 15TH. Renewal application forms are mailed to all previous filers in NOVEMBER of each year. The Fire Chief of the volunteer agency must verify the active status of each applicant. | |
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6. FARM DEFERMENT: This allows the Assessor to value the land at a farm value. In order to qualify, the applicant must be actively engaged in farming the land, and/or the raising and breeding of livestock. At least 10% of yearly gross income must come from the farm use land. Application must be made every year on or before MAY 15th. |
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7. CONSERVATION EASEMENT: Land on which a conservation easement has been granted in perpetuity to a qualifying non-profit agency or corporation. Land will be assessed at the full and true value remaining after the easement take. Applications must be filed with the assessor before May 15 each year in which the assessment is desired. |
If you have any questions, please feel free to contact the Assessor's Office at
Soldotna (907) 714-2230 Homer (907) 235-8840
Toll Free within the Borough 1-800-478-4441 Ext. 2230
