Estimate your Alaska property tax based on the state's 0.98% average effective rate. Enter your home value for an instant, free calculation.
Enter any tax exemption amount you qualify for in Alaska
Alaska has no statewide property tax — boroughs (the county equivalent) and cities levy it locally, and large stretches of the unorganized borough levy none at all. Where it does apply, homes are assessed at full market value, and seniors and disabled veterans get the first $150,000 of value exempt.
Property taxes are administered entirely at the local level by boroughs and cities; there's no statewide property tax on general real estate. Property is assessed at 100% of full and true market value, updated annually, with a physical appraisal at least every six years. Rates are expressed in mills, where one mill equals $1 of tax per $1,000 of assessed value.
| Home Value | Estimated Annual Tax | Monthly (Escrow) |
|---|---|---|
| $250,000 | $2,450 | $204/mo |
| $318,000 (median) | $3,116 | $260/mo |
| $600,000 | $5,880 | $490/mo |
Effective rates vary within Alaska. These figures are median-tax-to-median-value estimates from U.S. Census ACS data (2019–2023 ACS 5-year (SmartAsset)) for some of the most populous boroughs:
| Borough | Effective Rate |
|---|---|
| Anchorage Municipality | 1.22% |
| Fairbanks North Star Borough | 1.04% |
| Matanuska-Susitna Borough | 0.99% |
| Kenai Peninsula Borough | 0.78% |
Among these boroughs, effective rates range from about 0.78% in Kenai Peninsula Borough to 1.22% in Anchorage Municipality. Your actual rate depends on the local mill/millage set by your borough, city, and school district.
Alaska has no broad statewide homestead exemption, but state law requires municipalities that levy property tax to exempt the first $150,000 of assessed value for qualifying senior and disabled-veteran homeowners. Municipalities may also adopt an optional owner-occupied residential exemption — Anchorage, for example, exempts 40% of assessed value up to $75,000 for a primary residence.
Under AS 29.45.030, municipalities must exempt the first $150,000 of assessed value on the primary residence of residents 65 or older and of disabled veterans with a 50% or greater service-connected disability; a surviving spouse 60 or older of a qualifying person may also claim it. In Anchorage, at roughly a 15-mill rate, the full senior exemption saves about $2,250 a year.
Billing and due dates are set locally. In Anchorage, assessment notices are mailed in mid-January and taxes are payable in two equal installments due June 15 and August 15; an installment becomes delinquent the first business day after the due date, triggering a 10% penalty plus interest. Other boroughs set their own schedules.
A homeowner who disputes an assessment generally has 30 days from the mailing date of the annual assessment notice to file a written appeal to the local Board of Equalization, with supporting evidence due within 45 days of the notice.
Alaska's statewide effective property tax rate is about 0.90%–1.06% of home value depending on the source. Rates vary widely by borough and city, and many rural areas levy no property tax at all.
Among populous areas, the Anchorage Municipality has one of the highest effective rates at about 1.22%, with a typical bill over $5,000 a year, followed by Fairbanks North Star Borough at roughly 1.04%.
Yes. State law requires municipalities to exempt the first $150,000 of assessed value on the primary residence of homeowners 65 or older and of disabled veterans rated 50% or more.
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