We determine the static values of the scalar and tensor dipole polarizabilities of the ground,6s6p3Po0,and 6s6p3Po1 states of the Yb atom.These results can be useful in many experiments undertaken using this atom.We employed a combined configuration interaction (CI) method and a second-order many-body perturbation theory (MBPT) to evaluate energies and electric dipole (El) matrix elements of many low-lying excited states of the above atom.These values are compared with the other available theoretical calculations and experimental values.By combining these E1 matrix elements with the experimental excitation energies,we estimate the dominant valence correlation contributions to the dipole polarizabilities of the above states.The core contribution is obtained from the finite field approach.We also compare these values with the other theoretical results as there are no precise experimental values that are available for these properties.