Assessing Department

The Assessing Department discovers, lists and values all taxable property in the borough in a fair and uniform manner in accordance with state law and borough code.

Exemption & Deferment Applications

Completed applications must be mailed (postmarked prior to the date specified below) to the address listed on the application.

 

Residential 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 185 days per year. Residential Exemptions are AUTOMATICALLY REMOVED from a parcel when the Assessing Department receives notice of a change of address outside the borough.

$50,000 Exemption

The $50,000 Exemption is for the owner (resident) of a permanent place of abode. This includes mobile homes. The $50,000 is subtracted from the assessed valuation before borough taxes are calculated. Applications are due before JANUARY 15 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.

Download $50,000 Exemption Application

 

 

Other Exemptions & Deferments

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 15.

Download the Farm Deferment application here.