To fill out the one-time Homestead Tax Credit Application (principal residence assessment cap). Enter the SDAT Real Property Tax Identification Number of the property for which Homestead.Eligibility isrequested. Unlike most states, Alaska does not impose an acreage limit for homestead exemptions. This can provide asset protection from creditors for at least some of house's value. There has been no federal homesteading program in Alaska; the State of Alaska, however, created public land disposal programs starting with statehood in 1959. A homestead exemption is a legal provision that shields a home from some creditors following the death of a homeowner's spouse or the declaration of bankruptcy.
