REAL PROPERTY EARTHQUAKE TAX RELIEF

The State of Alaska authorizes municipalities to offer tax relief for disasters affection real property owners.

The Matsu Borough and Anchorage have extended tax relief provisions for Disasters.  The Matsu Borough’s relief extends to “fires and natural disasters.”  In contrast Anchorage limits its relief to only “Fires.”

In both instances the relief extends only to homeowners of residential property.  The damage must exceed one half of the property value before the event.  You will need specific evidence to support your claim as provided in the ordinance.

The Matsu Borough requires you to file your claim within 60 days of the event.  In contrast Anchorage allows homeowners 120 days to file a claim.

If you or someone you know has suffered substantial earthquake damage, they should apply for real property tax relief.  However, time is running out quickly on claims arising from November’s earthquake.