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Redemption
12 mo
Max interest
15%
You buy the property itself, not a lien. The owner has 1 year to pay you back. You earn 15% interest a year. The bidding method is not documented. Sales are held on a schedule that varies by county.
Sale type
Alaska Stat. 29.45.450
https://www.akleg.gov/basis/statutes.asp?secStart=29.45.450&secEnd=29.45.450“Unredeemed property in the area of the borough outside all cities is deeded to the borough by the clerk of the court.”
Redemption
Alaska Stat. 29.45.400
https://www.akleg.gov/basis/statutes.asp?secStart=29.45.400&secEnd=29.45.400“Properties transferred to the municipality are held by the municipality for at least one year.”
Interest
Alaska Stat. 29.45.470
https://www.akleg.gov/basis/statutes.asp?secStart=29.45.470&secEnd=29.45.470“interest not to exceed 15 percent a year from the date of entry of the judgment of foreclosure to the date of repurchase”
Bid method
Alaska Stat. 29.45.390
https://www.akleg.gov/basis/statutes.asp?secStart=29.45.390&secEnd=29.45.390“Foreclosed properties are transferred to the municipality for the lien amount.”
Sale timing
Alaska Stat. 29.45.320
https://www.akleg.gov/basis/statutes.asp?secStart=29.45.320&secEnd=29.45.320“The municipality shall enforce delinquent real property tax liens by annual foreclosure, unless otherwise provided by ordinance.”
No statewide property tax; municipalities foreclose in rem. Unredeemed property is deeded to the borough/city (AS 29.45.450). | Prose: deed | repurchase interest not to exceed 15%/yr | 1 year | n/a - property deeded to the municipality; no competitive investor auction | varies by municipality
No statewide property tax; municipalities foreclose in rem. Unredeemed property is deeded to the borough/city (AS 29.45.450).
| County | FIPS | Platform | Health |
|---|---|---|---|
| Aleutians East Borough | 02013 | — | not_started |
| Aleutians West Census Area | 02016 | — | not_started |
| Anchorage Municipality | 02020 | — | not_started |
| Bethel Census Area | 02050 | — | not_started |
| Bristol Bay Borough | 02060 | — | not_started |
| Chugach Census Area | 02063 | — | not_started |
| Copper River Census Area | 02066 | — | not_started |
| Denali Borough | 02068 | — | not_started |
| Dillingham Census Area | 02070 | — | not_started |
| Fairbanks North Star Borough | 02090 | — | not_started |
| Haines Borough | 02100 |
| not_started |
| Hoonah-Angoon Census Area | 02105 | — | not_started |
| Juneau City and Borough | 02110 | — | not_started |
| Kenai Peninsula Borough | 02122 | — | not_started |
| Ketchikan Gateway Borough | 02130 | — | not_started |
| Kodiak Island Borough | 02150 | — | not_started |
| Kusilvak Census Area | 02158 | — | not_started |
| Lake and Peninsula Borough | 02164 | — | not_started |
| Matanuska-Susitna Borough | 02170 | — | not_started |
| Nome Census Area | 02180 | — | not_started |
| North Slope Borough | 02185 | — | not_started |
| Northwest Arctic Borough | 02188 | — | not_started |
| Petersburg Borough | 02195 | — | not_started |
| Prince of Wales-Hyder Census Area | 02198 | — | not_started |
| Sitka City and Borough | 02220 | — | not_started |
| Skagway Municipality | 02230 | — | not_started |
| Southeast Fairbanks Census Area | 02240 | — | not_started |
| Wrangell City and Borough | 02275 | — | not_started |
| Yakutat City and Borough | 02282 | — | not_started |
| Yukon-Koyukuk Census Area | 02290 | — | not_started |