Alaska
Last Updated: March 2020
For complete text of Alaska Tax Statutes and other property tax information please refer to the Alaska Tax Statues.
Property Classification:
Because all taxable property must be assessed at its full and true value Alaska law does not classify property according to use. There are, however, provisions authorizing the special assessment of farm land.
Natural resources in place including coal, ore bodies, mineral deposits, and other proven and unproven deposits of valuable materials laid down by natural processes, unharvested aquatic plants and animals, and timber.
Scenic, recreation and conservation easements - A municipality may by ordinance classify and exempt or partially exempt from taxation privately owned land, wet land and water areas for which a scenic, conservation, or public recreation use easement is granted to a governmental body.
To be eligible for a tax exemption, or partial exemption, the easement must be in perpetuity. The easement is automatically terminated before an eminent domain taking of fee simple title or less than fee simple title to the property, so that the property owner is compensated at a rate that does not reflect the easement grant. The municipality may provide by ordinance that, if the area subject to the easement is sold, leased, or otherwise disposed of for uses incompatible with the easement or if the easement is conveyed to the owner of the property, the owner must pay to the municipality all or a portion of the amount of the tax exempted, with interest. (AS 29.45.050)