AK HB90

Expands municipal property tax exemptions for seniors and disabled veterans on primary residences to exempt the first $150,000 of assessed value for all qualifying residents.

Adds a higher exemption tier of $200,000 of assessed value for qualifying residents whose gross household income does not exceed 200 percent of federal poverty guidelines for Alaska.

Extends exemption eligibility to widows and widowers under 60 years of age of deceased persons who qualified for exemptions, subject to voter approval by municipal ordinance.

Allows municipalities to grant additional hardship exemptions beyond the standard $150,000 exemption in accordance with department regulations.

Takes effect January 1, 2012.