Sec. 09.38.020. Exemptions of personal property subject to value limitations.
181 words·~1 min read·
/ak/title-9/chapter-38/09-38-020A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 09.38.020. Exemptions of personal property subject to value limitations.
(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.