Sheet AK · 2026 rules
Alaska Property Tax Calculator
Alaska distinguishes exemptions required by state law from optional exemptions adopted by a taxing municipality. Mandatory exemptions must be provided by the municipality; optional exemptions vary with the local ordinance. A statewide historical housing statistic cannot identify which local exemption is on a particular parcel.
Rules verified 9 primary sources Editorial policy
Estimate your 2026 Alaska bill
- Tax — Local ad valorem levies —
- Credits subtracted —
- Fixed charges added —
How Alaska turns value into a tax bill
| Step | Alaska rule | Source |
|---|---|---|
| Value | Use the valuation for the assessment year shown on your notice. Exemptions, rate units and levy classifications below must match that same notice. | [1] |
| Assessment | 100% of assessor’s residential full value | [1] |
| Annual limit | No automatic parcel bill cap is inferred from a limit on a jurisdiction’s total levy. | |
| Exemption | Mandatory senior/veteran residence allowance: $150,000 off assessed value; all levies.Select only if approved for this assessment year; do not deduct an amount already included in the value you enter. | [1] |
| Rate | Local ad valorem levies: local rate — you enter it.Local ad valorem levies from the applicable taxing authority. The rate is not a Census ratio. |
How Alaska municipalities assess, exempt, hear appeals and bill
Alaska has no state property tax on homes. The only state-level property tax is 20 mills on oil and gas property under AS 43.563, and that chapter's definition of taxable property excludes permanent residences2. A home is taxed only where a unified municipality, borough or city chooses to levy a property tax under AS 29.454.
The municipal assessor values property at full and true value as of January 1 of the assessment year4 and prepares a new assessment roll every year4. State law sets no multi-year revaluation cycle. Assessment notices must be mailed at least 30 days before the board of equalization hearings4. Anchorage mails its notices by January 156.
To appeal, file a written appeal with the assessor within 30 days after the assessment notice was mailed. Otherwise the right to appeal ends4. The board of equalization certifies its actions within seven days, and the assessor certifies the final roll by June 14. Either side can then appeal to the superior court4. In Anchorage, that appeal is due within 30 days of the board's decision6.
Every taxing municipality must exempt the first $150,000 of assessed value of a primary residence1. The exemption covers owners aged 65 or older, disabled veterans, and widows or widowers aged at least 60 of a person who qualified1. A disabled veteran's disability must be rated 50 percent or more1. The exemption requires a written application, and each municipality sets its own filing deadline by ordinance1. Anchorage's deadline is March 155. A municipality may grant more than $150,000 in cases of hardship1.
A voter-approved local residential exemption under AS 29.45.050(a) is capped at $75,000 of assessed value per residence, though a municipality may adjust that cap for inflation4. Anchorage's owner-occupied residential exemption is 40% of assessed value, up to $75,0005.
Each municipality sets its rate by resolution before June 15 and mails tax statements by July 14. Except for bond debt, a municipality may not levy more than three percent (30 mills) of assessed value4. Late-payment penalties are capped at 20 percent of the tax, and interest at 15 percent a year4. Anchorage bills in two halves, due June 30 and August 317, with a 10% penalty on each unpaid installment7. Its rate depends on the tax district8. In 2025, Tax District 1 (City/Anchorage) totaled 15.790 mills9.
Worked example
Anchorage Tax District 1, 2025 rates: $300,000 assessed − $150,000 mandatory senior/disabled-veteran exemption = $150,000 taxable × 15.790 mills = $2,368.50. Anchorage’s 2026 mill rate was not yet published at the verified source.
| Line | Taxable value | Tax |
|---|---|---|
| Local ad valorem levies at 15.79 mills | $150,000.00 | $2,368.50 |
| Annual total | $2,368.50 |
Left to your local bill
- Optional residential exemptions adopted by local ordinance, capped at $75,000 of assessed value (CPI-adjustable). Anchorage's is 40% of assessed value up to $75,000, with applications due March 15 to Anchorage Property Appraisal.
- Hardship exemptions above the first $150,000, and voter-approved extensions of the exemption to widows or widowers under 60 of disabled veterans or of service members who died from a service-connected cause. Each municipality's assessor decides these.
- Service-area and tax-district mill rates, set each year by municipal resolution before June 15. Anchorage Treasury publishes a Mill Levy by Tax District table.
- Installment due dates, penalties and interest set by each municipality within the state caps of 20% penalty and 15% a year interest. Anchorage charges a 10% penalty per unpaid installment plus interest at prime plus 2%.
- Farm-use land assessed at farm-use value under AS 29.45.060, and municipal economic-development or housing exemptions such as Anchorage's housing incentive exemptions.
Census context, not a rate
American Community Survey 2020–2024: median owner-occupied value $352,900 (±$3,735), median real-estate taxes $3,901 (±$70). Dividing one by the other gives 1.11% for Alaska. Tables B25077 and B25103; why it is only context.
Sources
- akleg.govAlaska Legislature: AS 29.45.030(e), required senior/disabled-veteran residence exemption, read .
“is exempt from taxation on the first $150,000 of the assessed value of the real property. … (1) 65 years of age or older; (2) a disabled veteran; or (3) at least 60 years of age and the widow or widower of a person who qualified for an exemption under (1) or (2) of this subsection”
- akleg.govAlaska Legislature: AS 43.56.210(5)(B), oil and gas property tax excludes homes, read .
“(B) does not include (i) permanent residences;”
- akleg.govAlaska Legislature: AS 43.56.010(a), state oil and gas property tax, read .
“An annual tax of 20 mills is levied each tax year beginning January 1, 1974, on the full and true value of taxable property taxable under this chapter.”
- akleg.govAlaska Legislature: AS 29.45.010(a), municipal property tax authority, read .
“A unified municipality may levy a property tax. A borough may levy (1) an areawide property tax for areawide functions; … The assessor shall assess property at its full and true value as of January 1 of the assessment year”
- muni.orgMunicipality of Anchorage Property Appraisal: Exemptions, read .
“Applications for exemptions MUST BE received in office, submitted online, or postmarked by March 15th of the tax year in which the exemption is sought … Owner occupied residential property may be partially exempt (40% of assessed value, up to $75,000 maximum).”
- muni.orgMunicipality of Anchorage Property Appraisal: FAQs about Appealing Assessments, read .
“Real Property assessment notices (green cards) will be mailed by January 15th each year. … The appellant or the Assessor may appeal a final determination of the Board of Equalization to the Superior Court within 30 days of the Boards decision.”
- muni.orgMunicipality of Anchorage Treasury: Property Taxes FAQ, read .
“First half installment is due June 30. Second half installment is due August 31 … The penalty rate is 10% of the principal balance owing at the time the due date has passed on each unpaid installment.”
- muni.orgMunicipality of Anchorage Treasury: Read Your Tax Bill, read .
“The tax district location determines the mill rate to be applied to the property value in calculating the tax amount due.”
- muni.orgMunicipality of Anchorage Treasury: Mill Levy by Tax District - 2025, read .
“City/Anchorage 1 0.28 2.18 3.61 0.75 0.050 - 2.60 - - 9.470 - - 9.470 6.32 15.790 1”
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Rules verified by the Property Tax Calculator Editorial Team. Report a correction