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Current as of January 01, 2025 | Updated by Findlaw Staff
(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:
(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.
Cite this article: FindLaw.com - Alaska Statutes Title 9. Code of Civil Procedure § 09.38.020. Exemptions of personal property subject to value limitations - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-9-code-of-civil-procedure/ak-st-sect-09-38-020/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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