Property Tax in Alaska (2026): Rates, Exemptions, and Real Numbers

Alaska Property Tax Rates by County

Highest and lowest effective rates within Alaska

Property Tax Calculator — Alaska

Pre-loaded with Alaska's 1.04% effective rate and $352,000 median price

Property Tax by City in Alaska

Annual and monthly property tax by city, based on local median prices and the statewide effective rate

Alaska Homestead Exemption

How Alaska Assesses Property Values

Assessment cycle: Annual assessment by borough/municipality assessors. Alaska has no counties — organized into boroughs and census areas.

Property Tax's Impact on Your True Monthly Cost

On a $352,000 home in Alaska

Property tax represents 10% of the true monthly cost in Alaska.

Mortgage Calculator Including Property Tax — Alaska

See your full PITI (principal, interest, taxes, insurance) payment

How Alaska's Property Tax Affects Affordability

$305/month in property tax reduces the home price you can afford. Use the affordability calculator to see the real impact.

Property Tax After Refinancing in Alaska

Refinancing changes your P&I but not your property tax. If your home was reassessed at a higher value, your tax bill increases regardless of your rate.

Frequently Asked Questions

What is the property tax rate in Alaska?

Alaska's effective property tax rate is 1.04%, ranking #20 nationally. The median annual property tax bill is $3,661 ($305/month). Rates range from 0.59% in Haines Borough to 1.17% in Anchorage Municipality. Source: Tax Foundation Property Taxes by State 2024.

Does Alaska have a homestead exemption?

Yes — Alaska offers a homestead exemption for primary residences. Senior exemption: Alaskans 65+ who have lived in the state for 10+ years receive an exemption of $150,000 on the assessed value of their primary residence. Some municipalities (Anchorage) offer additional local exemptions. No general homestead exemption for non-seniors.. Apply through your county assessor's office after purchasing your home.

How often is property reassessed in Alaska?

Alaska reassesses property on a annual assessment by borough/municipality assessors. alaska has no counties — organized into boroughs and census areas. basis. When your property is reassessed, your tax bill changes based on the new assessed value multiplied by the applicable rate. If you believe your assessment is too high, you can appeal — most counties allow 30-90 days after receiving your assessment notice.

How is property tax calculated in Alaska?

Property tax = Assessed Value × Mill Rate (or effective rate). In Alaska, the effective rate is 1.04% of market value. On a $352,000 home: $352,000 × 1.04% = $3,661/year. Assessments may use a fraction of market value — the effective rate accounts for this.

Can I appeal my property tax assessment in Alaska?

Yes. If your assessed value is higher than comparable sales in your area, you can file an appeal with your county assessment board. Steps: (1) Get your assessment notice, (2) Research comparable recent sales, (3) File an appeal by the deadline (typically 30-90 days from assessment notice). Studies show 20-40% of appeals result in a reduction. The process is free and you represent yourself — no attorney required.

Are property taxes included in my mortgage payment in Alaska?

Most lenders require an escrow account that collects $305/month ($3,661/year ÷ 12) along with your mortgage payment, then pays the county on your behalf. If your loan-to-value is below 80%, you may be able to opt out of escrow and pay taxes directly. Note: if your assessed value rises, your escrow payment adjusts and your total monthly cost increases.

What Alaska counties have the highest and lowest property taxes?

Alaska's highest effective rate is in Anchorage Municipality at 1.17%. The lowest is Haines Borough at 0.59%. That's a 0.58% spread — on a $352,000 home, the difference is $2,042/year.