(a) An individual is entitled to an exemption in property not to exceed an aggregate value of $3,000 chosen by the individual from the following categories of property:

Terms Used In Alaska Statutes 09.38.020

  • dependent: means an individual who derives support primarily from another individual. See Alaska Statutes 09.38.500
  • Dependent: A person dependent for support upon another.
  • household goods: includes those items that make a residence habitable according to modern standards. See Alaska Statutes 09.38.500
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • value: means fair market value of an individual's interest in property, exclusive of liens of record. See Alaska Statutes 09.38.500
  • wearing apparel: means clothing and garments intended and adapted to be worn on the person to protect the person against the elements or to provide personal comfort or decency, or serving to ornament the person but does not include jewelry. See Alaska Statutes 09.38.500
(1) household goods and wearing apparel reasonably necessary for one household;
(2) if reasonably held for the personal use of the individual or a dependent, books and musical instruments; and
(3) family portraits and heirlooms of particular sentimental value to the individual.
(b) An individual is entitled to exemption of jewelry, not exceeding $1,000 in aggregate value, if held for the personal use of the individual or a dependent.
(c) An individual is entitled to exemption, not exceeding $2,800 in aggregate value, of implements, professional books, and tools of the trade.
(d) An individual is entitled to the exemption of pets to the extent of a value not exceeding $1,000.
(e) An individual is entitled to an exemption of one motor vehicle to the extent of a value not exceeding $3,000 if the full value of the motor vehicle does not exceed $20,000.
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