Anchorage, AK Property Tax Calculator
Estimate property tax for a home in Anchorage, AK. Homes in Anchorage are assessed by Municipality of Anchorage, where the effective property tax rate runs about 1.35% of market value — so a median-priced Anchorage home of $380,000 generates roughly $5,130 in annual property tax. Enter your specific home value below for a custom estimate.
Annual Tax
$5,130
1.35% of $380,000
Monthly Tax
$428
Typically escrowed with your mortgage
State Rank
#19 of 51
Highest rate = #1
vs. National Average
Highest property tax states
- New Jersey2.49%
- Illinois2.23%
- New Hampshire2.18%
- Connecticut2.15%
- Vermont1.90%
Lowest property tax states
- Hawaii0.32%
- Alabama0.41%
- Colorado0.55%
- Louisiana0.56%
- District of Columbia0.57%
These are state-level averages. Individual counties and cities can vary significantly — a home in Austin's urban core may have a far higher effective rate than the Texas state average, for example. For the most accurate estimate, get the exact millage rate from your county assessor and override the rate field above.
How to use it
A two-minute guide.
The Home Value field is pre-filled with Anchorage's median home value of $380,000. Override with your actual home's market value for a specific estimate — your tax bill scales linearly with home value.
The rate is pre-filled with Municipality of Anchorage's effective rate of 1.35% — the county-level average for owner-occupied homes, which is more precise than Alaska's statewide average of 1.22%. Individual school districts and special taxing zones within Anchorage still shift the exact figure — if you know the rate from your latest tax bill, override it for the most precise estimate.
You'll see your estimated annual property tax, the monthly amount (which is typically escrowed with your mortgage payment), and a comparison to other states.
How it works
The math behind the result.
How Anchorage's tax bill works out. Homes in Anchorage are assessed and billed through Municipality of Anchorage. The effective rate there averages about 1.35% of market value — above Alaska's statewide average of 1.22%. On Anchorage's median home value of $380,000, that's approximately $5,130/year, or $428/month when escrowed with your mortgage.
How assessment works in Alaska. The Municipality of Anchorage assesses annually at full market value; green-card assessment notices arrive in January.
Exemptions worth claiming. Alaska's senior citizen/disabled veteran exemption removes $150,000 of value for owners 65+ — one of the largest senior exemptions in the country; Anchorage also offers a 10% owner-occupant residential exemption (up to $75k). Exemptions are the most common reason two identical Anchorage homes pay different tax bills — make sure yours are on file with Municipality of Anchorage.
What property tax actually pays for. In Anchorage — like the rest of Alaska — property tax funds local schools, public safety (police, fire), road maintenance, parks, libraries, and county government. Most of your bill stays in your county and school district.
Comparing to other states. Effective rates vary enormously across the US — from about 0.3% in Hawaii to nearly 2.5% in New Jersey. Anchorage's 1.35% puts it near the middle nationally.
Questions
Frequently asked.
Buying in Anchorage? Estimate your full mortgage payment with our Anchorage Mortgage Calculator. Or see how Alaska property tax rates compare across the state with our Alaska Property Tax Calculator.
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