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.

How is Anchorage property tax calculated?

Tax equals your taxable assessed value times the mill rate. The Municipality assesses your property's value, subtracts any exemptions, and applies the combined mill rate for your service area. This tool models that as taxable value times the effective rate.

Does Anchorage offer a residential exemption?

Yes. Anchorage offers a residential exemption that reduces the taxable value of an owner-occupied home, plus additional exemptions for qualifying seniors and disabled veterans. Enter your exemption amount to lower the taxable value in the estimate.

Is tax based on purchase price or assessed value?

On assessed value, which the Municipality sets and which may differ from what you paid. Use the figure on your annual assessment notice for an accurate estimate, not your purchase price.

Is my data sent anywhere?

No. The whole calculation runs in your browser. Your property figures never leave your device.

Anchorage Property Tax Estimator

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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.