Alaska · Kenai Peninsula Borough · Local exemptions · Updated Oct 2026
Kenai Peninsula Borough, AK property tax exemptions (2026)
The property tax breaks that are set or run locally in Kenai Peninsula Borough, on top of Alaska’s statewide rules: what each is worth here, who qualifies, where to apply and the deadline.
What is different in Kenai Peninsula Borough
Kenai Peninsula Borough doubles the senior exemption to $300,000 of assessed value for borough taxes and adds a $75,000 homeowner exemption, a $500 disabled-resident credit and a $10,000 volunteer firefighter/EMS exemption. Cities differ: Homer, Kenai, Seldovia, Seward and Soldotna still tax senior homes above $150,000, and only Homer honors part ($20,000) of the homeowner exemption. Most applications are due February 15.
Up to $300,000 of assessed value exempt from borough tax (city tax in Homer, Kenai, Seldovia, Seward and Soldotna is still charged on value above $150,000).
Set by
county
Tax year
2026
Who qualifies
65 or older (or surviving spouse 60+), owns and occupies the home as primary residence (185+ days a year), owner of record by January 1, qualifies for an Alaska Permanent Fund Dividend.
How to apply
Senior Citizen Exemption Application to the Assessing Department with proof of age (e.g. birth certificate) on first filing.
Up to $75,000 of assessed value (home and land) off borough tax. Not recognized by the cities of Kenai, Soldotna, Seward, Seldovia or Kachemak; the City of Homer gives $20,000.
Set by
county
Tax year
2026
Who qualifies
Borough resident at least 185 days in 2026 and each year after, owning and occupying the home as permanent residence on January 1.
How to apply
$75k Residential Exemption Application to the Assessing Department.
Exempts the value of the primary residence and residential land for borough tax; city tax in Homer, Kenai, Seldovia or Seward is still charged on value above $150,000.
Set by
county
Tax year
2026
Who qualifies
Resident disabled veteran with a 50%+ service-connected VA rating who owns and occupies the home.
How to apply
One-time Disabled Veteran Exemption Application; submit a current VA rating letter every year.
Active volunteer of a recognized first responder, fire or ambulance service in the borough holding a State of Alaska EMS or firefighting certificate; up to two per parcel.
How to apply
Annual application verified by your Fire or EMS Chief.
If found eligible you pay only 2% of your gross household income; any property tax above that is exempt (KPB example: $50,000 income, $2,000 bill, you pay $1,000).
Set by
county
Tax year
2026
Who qualifies
Seniors and disabled veterans already exempt who show hardship with the Gross Household Income form.
Income limit
Property tax must be more than 2% of gross household income (all household income, taxable and non-taxable)
How to apply
Senior Hardship Application plus Gross Household Income Form.
Roughly what an exemption could save you a year: the value it takes off, times your tax rate.
Eligibility finder for Kenai Peninsula Borough
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Document checklist for Kenai Peninsula Borough
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Questions about property tax exemptions in Kenai Peninsula Borough
What property tax exemptions are there in Kenai Peninsula Borough?
Kenai Peninsula Borough doubles the senior exemption to $300,000 of assessed value for borough taxes and adds a $75,000 homeowner exemption, a $500 disabled-resident credit and a $10,000 volunteer firefighter/EMS exemption. Cities differ: Homer, Kenai, Seldovia, Seward and Soldotna still tax senior homes above $150,000, and only Homer honors part ($20,000) of the homeowner exemption. Most applications are due February 15. Local breaks here: Senior Citizen Exemption; Homeowners Residential Exemption; Disabled Veterans Exemption; Disabled Resident Exemption (tax credit); Volunteer Firefighter / EMS Provider Exemption; Senior / Disabled Veteran Hardship Exemption.
Where do I apply for a property tax exemption in Kenai Peninsula Borough?
Kenai Peninsula Borough Assessing Department Phone: (907) 262-4441 Address: 144 North Binkley Street, Soldotna, AK 99669.
When is the deadline to apply in Kenai Peninsula Borough?
Senior Citizen Exemption: On or before February 15 of the year applied for. Homeowners Residential Exemption: Postmarked or hand-delivered on or before February 15 of the tax year (KPB 5.13.120(D), on the 2027 application). Disabled Veterans Exemption: On or before February 15. Disabled Resident Exemption (tax credit): On or before February 15. Volunteer Firefighter / EMS Provider Exemption: By January 15. Senior / Disabled Veteran Hardship Exemption: April 30.
Is there an income limit for Kenai Peninsula Borough’s local breaks?
Senior Citizen Exemption: no income limit listed. Homeowners Residential Exemption: no income limit listed. Disabled Veterans Exemption: no income limit listed. Disabled Resident Exemption (tax credit): no income limit listed. Volunteer Firefighter / EMS Provider Exemption: no income limit listed. Senior / Disabled Veteran Hardship Exemption: Property tax must be more than 2% of gross household income (all household income, taxable and non-taxable)
Do I have to reapply every year in Kenai Peninsula Borough?
Senior Citizen Exemption: One-time filing; removed automatically if you report an address outside the borough. Homeowners Residential Exemption: Not required in later years unless ownership or occupancy changes or the assessor selects the parcel for audit. Disabled Veterans Exemption: VA letter every year or the exemption is removed. Disabled Resident Exemption (tax credit): Every year. Volunteer Firefighter / EMS Provider Exemption: Every year. Senior / Disabled Veteran Hardship Exemption: not confirmed.
Good to know in Kenai Peninsula Borough
Residential exemptions are removed automatically when the borough gets notice of a change of address outside the borough (KPB Assessing).
No county figure was available, so the estimate uses the Alaska median effective rate: U.S. Census Bureau, American Community Survey, 2020–2024 5-year estimates, tables B25103 (median real estate taxes paid, owner-occupied homes) and B25077 (median value, owner-occupied homes).