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Anchorage Property Tax Estimator

Estimate your annual Anchorage property tax at the ~1.32% rate.

Free Anchorage property tax estimator. Applies the Municipality of Anchorage's roughly 1.32% effective rate to your assessed value, supports the residential property tax exemption, and shows annual and monthly tax. Runs in your browser. It runs free in your browser on Gera Tools, with nothing uploaded.

Last updated Source: Gera Tools

What is the property tax rate in Anchorage?

Anchorage's effective property tax rate is roughly 1.32% of assessed value, expressed locally as a mill rate that varies by service area. Because Alaska has no sales or income tax, property tax is the municipality's main revenue source, so rates run higher than in many states.

Because Alaska has no sales or income tax, property tax is Anchorage’s main revenue source, which is why rates run higher than many US cities. The Municipality of Anchorage’s effective rate is roughly 1.32% of assessed value. This estimator applies that rate, lets you subtract the residential or senior exemption, and shows your annual and monthly tax.

How it works

Tax is the taxable value (assessed value minus exemptions) times the effective rate:

taxable = assessedValue - exemptionAmount
annual  = taxable * (rate% / 100)
monthly = annual / 12

The default 1.32% approximates Anchorage’s combined mill rate, but your real figure depends on your service area’s overlapping levies. Tax is always on assessed value, not purchase price.

Notes and example

A home assessed at $400,000 with no exemption at 1.32% owes about $400,000 x 0.0132 = $5,280 a year, or roughly $440 a month in escrow. Apply a $50,000 residential exemption and the taxable value drops to $350,000, cutting the tax to about $4,620. Mill rates differ across Anchorage’s service areas and exemptions have eligibility rules — confirm your exact figure with the Municipality of Anchorage assessor. Nothing leaves your browser.

Why Anchorage’s property tax is relatively high

Because Alaska levies no state income tax and Anchorage charges no general sales tax, the municipality relies heavily on property tax as its primary revenue source. This is unusual in the US: most cities and counties share revenue responsibility with state and local sales taxes and income taxes, which offsets the property tax burden. In Anchorage, property tax does the work those other taxes do elsewhere — funding schools, roads, police, fire, parks, and other municipal services.

This explains why Anchorage’s effective property tax rate runs higher than in many other metropolitan areas despite the state’s overall tax-favorable reputation. The headline is “Alaska has no income tax” — the footnote is “and your property tax reflects that.”

How Anchorage’s mill rate is structured

Anchorage does not use a single flat mill rate. The combined rate for any specific address reflects an overlay of several levying authorities:

  • Municipal general fund: the core service levy
  • School district: Anchorage School District levy
  • Service areas: Anchorage has numerous service areas (roads, fire, street lights) with their own additional levies depending on your address

The ~1.32% effective rate used in this estimator is an approximation of the typical combined levy for most residential addresses within the municipality. Properties in different service areas — particularly more rural portions of the expansive Municipality of Anchorage — may see different rates.

Exemptions available to Anchorage homeowners

Three main exemptions can reduce your taxable assessed value:

Residential (homestead) exemption: Owner-occupied primary residences receive a reduction in taxable value. This exemption is not available to investment properties or rentals.

Senior citizen exemption: Qualifying seniors (typically 65 and older with income below a threshold) receive an additional reduction in taxable value beyond the standard residential exemption.

Disabled veteran exemption: Veterans with a service-connected disability may qualify for a partial or full exemption depending on their disability rating. Surviving spouses of eligible veterans may also qualify.

Enter your applicable exemption amount in the calculator to see the effect on your estimated tax bill. Eligibility rules and exemption amounts are set by ordinance and may change — verify current amounts with the Municipality of Anchorage Assessor’s Office.

Assessed value vs. market value

The Municipality of Anchorage reassesses property values regularly. Your assessed value is the municipality’s estimate of market value and may differ from:

  • Your purchase price: properties may have been bought at above or below assessed value
  • Appraisal value: a mortgage appraisal and an assessment use different methodologies
  • Comparable sales: the assessment lags current market conditions

If you believe your assessed value is materially wrong, you can appeal. The Municipality of Anchorage has an annual appeals process with deadlines tied to when assessment notices are mailed.