Mandatory $150,000 Exemption at 50%
The first $150,000 of assessed value is exempt at a 50% service-connected rating — mandatory in every municipality, in a state with no income tax and no statewide property tax.
Verified August 19, 2026
What this benefit is
The first $150,000 of assessed value is exempt at a 50% service-connected rating — mandatory in every municipality, in a state with no income tax and no statewide property tax.
What it's worth: The first $150,000 of assessed value, exempt
- Municipalities may exempt more than $150,000 at their option; the mandatory floor is statewide.
Who is entitled to it
- Your rating meets the gate.
- You own and occupy the home.
- Your home is in this state.
Not sure whether that describes you?
Answer a few questions about this benefit specifically — we only ask what this one actually depends on, and we stop as soon as we know.
How to claim it
- 1File with the municipal assessor with a current VA letter — the rating must be effective before January 1 of the tax year.
- 2Ask whether your municipality exempts beyond the mandatory $150,000; several do.
- 3A surviving spouse aged 60 or over may continue the exemption.
- Form
- Municipal exemption application
- File with
- Your municipal tax assessor
- Documents you will need
- va benefit summary letter
- No renewal
- Once granted it does not need renewing.
Sources
- authority · published policyAlaska Office of Veterans Affairs — Taxes and Land (AS 29.45.030(e))
Why only one source type: The Office of Veterans Affairs page states the exemption and its administration; the statute hosts were not read directly.
This finder provides an informational match, not a government eligibility determination. The responsible agency decides your application.