Property Taxes in Alaska

Effective Rate

Alaska's average effective property tax rate is close to or slightly below the national average, but estimates vary by methodology and source. The Tax Foundation puts Alaska's effective rate on owner-occupied housing at 0.94% (vs. the commonly cited ~0.99%-1.1% national average), while other aggregators (Ownwell, TaxByCounty) report a median effective rate closer to 1.04%-1.16%, which would be at or slightly above the national median. Alaska has no state-level property tax — only local governments (boroughs and cities) levy it, and only 24 of Alaska's boroughs/census areas actually impose one. This produces extreme local variation: from about 0.01%-0.08% in places like Kusilvak Census Area and Copper River Census Area, up to 1.17%-1.76% in Anchorage and Dillingham Census Area. Anchorage, the state's largest municipality, has a materially higher effective rate (roughly 1.32% median, with some ZIP codes like 99501 at 1.61%) than the statewide blended average, driven by its FY2026 mill rate of about 18.06 mills.

Example: Statewide, the median Alaska homeowner pays roughly $3,021–$3,901 per year in property taxes (U.S. Census Bureau 2024 ACS 5-Year Estimates cited by multiple 2026 sources), on a median home value of about $352,900 — above the U.S. median tax bill of about $2,400. In Anchorage specifically, the median property tax bill is notably higher, around $4,865/year; Juneau City and Borough runs about $4,039/year and Fairbanks North Star Borough about $3,570/year, reflecting these three metro areas' higher assessed values and mill rates relative to the rest of the state.

Exemptions