Importance Blood levels of phosphorylated tau 217 (p-tau217) as measured by commercially available immunoassays are an emerging tool to assess Alzheimer's disease (AD) pathology. Little is known about the performance of p-tau217 and contributors to its variability in aged individuals without AD. Objective To determine plasma p-tau217, its associations with age, sex, education and genetic risk, to estimate heritability, and to conduct a genome-wide association study (GWAS). Design Cross-sectional observational clinical biobank recall study called TWINGEN. Setting Recall of participants in the older Finnish Twin Cohort study without AD and other diagnoses affecting cognition based on health registry data. Sample collection in March 2023-December 2023 in six study sites across Finland. Biomarkers were determined in January 2024 and data were analyzed in March-April 2024. Participants A population-based sample of 65-85 years old twins. Exposures Age, sex, education, Apolipoprotein E (APOE) genotype and polygenic risk score of AD (ADPRS). Monozygosity (MZ) versus dizygosity (DZ) in heritability estimation. Main outcomes and measures Plasma p-tau217 (ALZpath pTau217 assay): continuous and >0.42 pg/mL cut-off. Heritability. Single nucleotide polymorphisms (SNP's) in the GWAS. Results The study included 697 participants (mean [SD] age, 76.2 [4.6] years); 398 [57%] women and 299 [43%] men; 240 MZ [81 full pairs], 450 DZ [73 full pairs]; and 203 [29%] APOE ε4-allele carriers. P-tau217 was higher as a function of age (means [SDs] from 0.32 [0.20] pg/mL in 65-69 year-olds to 0.53 [0.36] pg/mL in 80-85 year-olds). Twin-based heritability was 0.56 (95%CI 0.36-0.79). APOE ε4-allele carriers (mean [SD]= 0.58 [0.35] pg/mL) had higher p-tau217 than non-carriers (mean [SD]= 0.39 [0.27] pg/ml, P <.001). Abnormal p-tau217 levels of >0.42 pg/mL were evident in 39% and predicted by higher age (OR=1.15 [95%CI, 1.10-1.20]) and having APOE ε4-allele (OR=4.53 [95%CI, 3.10-6.62]). Sex, education and ADPRS were not related to p-tau217 levels or abnormality. GWAS indicated 45 SNPs associated with p-tau217 plasma levels (P<5x10-08) centered around the APOE locus. Conclusions and relevance Our results support the use of plasma p-tau217 as a biomarker in detecting preclinical or prodromal AD and in genome-wide association studies of biologically defined AD.