Property Taxes in Alaska
The median Alaska property tax rate is 1.37%, significantly higher than the national median of 0.99%. With a median home value of $289,400, the median Alaska property tax bill amounts to $3,874 annually, which is considerably higher than the national median annual property tax bill. Property taxes in Alaska are calculated based on the tax assessed value, which typically falls below the actual market value due to property tax exemptions, such as the primary residence exemption. Understanding your county's specific property tax system, exploring property tax exemptions, and recognizing opportunities for property tax reductions can lead to significant annual tax savings. Whether you're in Anchorage, Fairbanks, Juneau, or any other Alaskan locale, familiarizing yourself with the property taxes in your location can benefit homeowners and investors alike.
Last Updated June 14, 2024
Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$3,965
Ownwell’s Alaska Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Alaska with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Alaska to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a county or city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Alaska
Property taxes in Alaska fund essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alaska is 1.37% compared to the median tax rate in the United States of 0.99%. The tax rate is set by local government entities, and it can vary widely between different areas within the state. Each county estimates its required budget to provide services for the upcoming year and then divides that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, that is the process followed each year. Compare an Alaska county’s effective property tax rate to other counties in Alaska or the US median property tax rate below. North Slope has the highest property tax rate in Alaska at 1.80%. Skagway has the lowest property tax rate in Alaska at 0.50%.
Average Alaska Tax Rate
1.37%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alaska
| County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aleutians East | N/A | N/A | N/A | N/A | N/A |
| Aleutians West | N/A | N/A | N/A | N/A | N/A |
| Anchorage | 1.50% | 1.67% | 1.70% | 1.70% | 1.70% |
| Bethel | N/A | N/A | N/A | N/A | N/A |
| Bristol Bay | 0.37% | 0.83% | 1.10% | 1.12% | 1.15% |
| Denali | N/A | N/A | N/A | N/A | N/A |
| Dillingham | N/A | N/A | N/A | N/A | N/A |
| Fairbanks North Star | 1.17% | 1.26% | 1.40% | 1.55% | 1.66% |
| Haines | 0.43% | 0.65% | 0.68% | 0.98% | 0.98% |
| Hoonah-Angoon | N/A | N/A | N/A | N/A | N/A |
| Juneau | 0.66% | 0.81% | 1.02% | 1.02% | 1.02% |
| Kenai Peninsula | N/A | N/A | N/A | N/A | N/A |
| Ketchikan Gateway | 0.44% | 0.60% | 0.79% | 1.18% | 1.18% |
| Kodiak Island | 0.74% | 1.03% | 1.22% | 1.32% | 1.34% |
| Lake and Peninsula | N/A | N/A | N/A | N/A | N/A |
| Matanuska-Susitna | 0.47% | 1.03% | 1.21% | 1.29% | 1.47% |
| Nome | 1.05% | 1.05% | 1.05% | 1.05% | 1.05% |
| North Slope | 0.60% | 1.09% | 1.80% | 1.80% | 1.80% |
| Northwest Arctic | N/A | N/A | N/A | N/A | N/A |
| Petersburg | N/A | N/A | N/A | N/A | N/A |
| Prince of Wales-Hyder | N/A | N/A | N/A | N/A | N/A |
| Sitka | N/A | N/A | N/A | N/A | N/A |
| Skagway | 0.44% | 0.47% | 0.50% | 0.50% | 0.51% |
| Southeast Fairbanks | N/A | N/A | N/A | N/A | N/A |
| Valdez-Cordova | 0.10% | 0.69% | 1.15% | 1.15% | 1.15% |
| Wrangell | 0.77% | 1.27% | 1.27% | 1.28% | 1.28% |
| Yakutat | N/A | N/A | N/A | N/A | N/A |
| Yukon-Koyukuk | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Alaska
When examining property taxes in Alaska, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by factors such as location, property condition, and economic market trends. Market value is estimated by each Alaska county assessor for tax purposes. The assessed value is then the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill. Assessment notices in Alaska are sent in the spring each year. They should reach your mailbox typically by the end of April. Each property owner receives an assessment notice that contains both the market value and assessed value along with an estimate of your property tax bill. By providing insights into how assessed values and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Alaska. Anchorage County has the highest median tax bill at $5,656, while Wrangell County has the lowest median tax bill at $194.
Average Alaska Assessed Value
$289,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alaska
| County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aleutians East | N/A | N/A | N/A | N/A | N/A |
| Aleutians West | N/A | N/A | N/A | N/A | N/A |
| Anchorage | $165,000 | $255,500 | $340,300 | $436,800 | $573,200 |
| Bethel | N/A | N/A | N/A | N/A | N/A |
| Bristol Bay | $70,180 | $111,900 | $163,100 | $212,300 | $277,860 |
| Denali | N/A | N/A | N/A | N/A | N/A |
| Dillingham | N/A | N/A | N/A | N/A | N/A |
| Fairbanks North Star | $53,812 | $155,553 | $255,766 | $333,418 | $415,550 |
| Haines | $70,120 | $128,700 | $202,400 | $307,200 | $423,540 |
| Hoonah-Angoon | N/A | N/A | N/A | N/A | N/A |
| Juneau | $59,450 | $258,000 | $441,350 | $557,575 | $691,600 |
| Kenai Peninsula | N/A | N/A | N/A | N/A | N/A |
| Ketchikan Gateway | $46,500 | $159,450 | $263,900 | $355,300 | $462,900 |
| Kodiak Island | $52,900 | $173,900 | $309,800 | $383,650 | $456,500 |
| Lake and Peninsula | N/A | N/A | N/A | N/A | N/A |
| Matanuska-Susitna | $40,100 | $124,975 | $277,600 | $385,400 | $506,750 |
| Nome | $70,560 | $205,950 | $295,200 | $388,950 | $515,580 |
| North Slope | $57,300 | $90,200 | $130,000 | $222,300 | $298,500 |
| Northwest Arctic | N/A | N/A | N/A | N/A | N/A |
| Petersburg | N/A | N/A | N/A | N/A | N/A |
| Prince of Wales-Hyder | N/A | N/A | N/A | N/A | N/A |
| Sitka | N/A | N/A | N/A | N/A | N/A |
| Skagway | $137,700 | $165,450 | $280,550 | $391,125 | $519,700 |
| Southeast Fairbanks | N/A | N/A | N/A | N/A | N/A |
| Valdez-Cordova | $6,200 | $21,300 | $157,850 | $276,400 | $356,360 |
| Wrangell | $3,160 | $6,450 | $14,200 | $75,400 | $175,260 |
| Yakutat | N/A | N/A | N/A | N/A | N/A |
| Yukon-Koyukuk | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Alaska
In Alaska, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Alaska is $289,400, and the property tax rate varies by county, impacting the final tax amount significantly. For instance, Anchorage has the highest median tax bill at $5,656, while Wrangell has the lowest at $194. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners can expect their tax bills to fall within a wide range: the 25th percentile tax bill is $1,778, while the 75th percentile reaches $5,761, and the 90th percentile can be as high as $7,619. Given that the national median property tax rate is 0.99%, Alaska's property tax landscape can be quite variable, affecting homeowners differently depending on their specific circumstances.
Average Alaska Tax Bill
$3,874
Average United States Tax Bill
$2,690
Property Tax Bills Across Alaska
| County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Aleutians East | N/A | N/A | N/A | N/A | N/A |
| Aleutians West | N/A | N/A | N/A | N/A | N/A |
| Anchorage | $2,757 | $4,264 | $5,656 | $7,183 | $9,222 |
| Bethel | N/A | N/A | N/A | N/A | N/A |
| Bristol Bay | $490 | $861 | $1,573 | $2,020 | $2,774 |
| Denali | N/A | N/A | N/A | N/A | N/A |
| Dillingham | N/A | N/A | N/A | N/A | N/A |
| Fairbanks North Star | $788 | $2,204 | $3,655 | $4,933 | $6,331 |
| Haines | $397 | $795 | $1,521 | $2,512 | $3,699 |
| Hoonah-Angoon | N/A | N/A | N/A | N/A | N/A |
| Juneau | $626 | $2,141 | $4,081 | $5,294 | $6,666 |
| Kenai Peninsula | N/A | N/A | N/A | N/A | N/A |
| Ketchikan Gateway | $415 | $1,016 | $2,276 | $3,259 | $4,223 |
| Kodiak Island | $619 | $1,952 | $3,451 | $4,727 | $5,630 |
| Lake and Peninsula | N/A | N/A | N/A | N/A | N/A |
| Matanuska-Susitna | $375 | $991 | $2,908 | $4,367 | $5,856 |
| Nome | $627 | $1,358 | $2,883 | $4,580 | $5,418 |
| North Slope | $599 | $1,162 | $2,211 | $3,558 | $5,317 |
| Northwest Arctic | N/A | N/A | N/A | N/A | N/A |
| Petersburg | N/A | N/A | N/A | N/A | N/A |
| Prince of Wales-Hyder | N/A | N/A | N/A | N/A | N/A |
| Sitka | N/A | N/A | N/A | N/A | N/A |
| Skagway | $739 | $921 | $1,417 | $1,966 | $2,608 |
| Southeast Fairbanks | N/A | N/A | N/A | N/A | N/A |
| Valdez-Cordova | $16 | $233 | $1,838 | $3,192 | $4,124 |
| Wrangell | $38 | $79 | $194 | $878 | $1,864 |
| Yakutat | N/A | N/A | N/A | N/A | N/A |
| Yukon-Koyukuk | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell