Property Tax Rates & Rules
Alaska has an average effective property tax rate of 1.04%, making it a mid-range property tax state. On a median-valued home of $350,000, the typical annual property tax bill is $3,640. Homeowners may qualify for a homestead exemption, which can reduce the taxable value of a primary residence. Mandatory $150,000 exemption for seniors/disabled veterans; optional local exemptions. Senior citizens may qualify for additional exemptions or tax relief programs. If you believe your property is over-assessed, you have the right to appeal.
Assessment Method
Full and true value as of January 1; no state property tax, only local.
Homestead Exemption Details
Mandatory $150,000 exemption for seniors/disabled veterans; optional local exemptions.
Senior Exemption Details
First $150,000 of assessed value is exempt for residents 65+ or disabled veterans.
How to Appeal Your Assessment
File written appeal with the Board of Equalization within 30 days of notice.
What is the property tax rate in Alaska?
Alaska has an average effective property tax rate of 1.04%. On a home valued at $350,000, the typical annual property tax bill is approximately $3,640. Rates vary by county — Anchorage has the highest rates while Hoonah-Angoon has the lowest.
Does Alaska have a homestead exemption?
Yes. Alaska offers a homestead exemption for primary residences. Mandatory $150,000 exemption for seniors/disabled veterans; optional local exemptions.
How is property assessed in Alaska?
Alaska assesses property at 100.00%. Full and true value as of January 1; no state property tax, only local. The assessed value is then multiplied by the local mill rate to determine your property tax bill.
How do I appeal my property tax assessment in Alaska?
File written appeal with the Board of Equalization within 30 days of notice.
Are there senior property tax exemptions in Alaska?
Yes. Alaska offers property tax relief for senior citizens. First $150,000 of assessed value is exempt for residents 65+ or disabled veterans.
When are property taxes due in Alaska?
Alaska property taxes are paid on a Varies by borough; often two installments (e.g., June and August in Anchorage).. Contact your county tax collector for exact due dates and payment options for your area.
How does Alaska property tax compare to neighboring states?
Alaska's average effective rate of 1.04% is close to the national average of approximately 1.1%. Use the comparison table above to see how neighboring states compare.
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Official Source
Alaska Tax Authority
Last verified: 2026-03-31 · Always confirm current rates before making real estate decisions.