Alaska § 29.45.051 - Tax deferral for certain subdivided property.
Full text of Alaska Alaska Statutes § 29.45.051 — Tax deferral for certain subdivided property., with citation guidance and answers to common questions.
§ 29.45.051. Tax deferral for certain subdivided property.
(a) A municipality may by ordinance permit deferral of payment of taxes on all or a portion of the increase in assessed value directly attributable to (1) the subdivision of a single parcel of property into three or more parcels; and
(2) any improvements made to the property necessitated by its subdivision.
(b) A deferral from taxation allowed under (a) of this section shall be limited to a maximum period of five years. A municipality may by ordinance provide for the deferral of payment of taxes permitted under (a) of this section to be of a shorter duration.
(c) Subject to (b) of this section, a municipality may also by ordinance provide that (1) the deferral is terminated when (A) a lot in the subdivision is sold; or
(B) a residential or commercial building is built on a lot in the subdivision; or
(2) the deferral continues for the unsold lots in the subdivision after (A) a lot in the subdivision is sold; or
(B) a residential or commercial building is constructed on a lot in the subdivision.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 29.45.051
What does Alaska Statutes § 29.45.051 cover?
Section 29.45.051 ("Tax deferral for certain subdivided property.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 29.45.051?
A common citation format is "Alaska Statutes § 29.45.051" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 29.45.051 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.