Free property tax calculator tailored for Alaska (AK). Calculate instantly with state-specific rates and rules.
Alaska has an effective property tax rate of 1.04%, producing an average annual bill of $3,464. The US national average is 1.07% — Alaska's rate is near the national average, placing it at rank #26 out of 50 states (rank 1 = lowest).
Alaska has no state property tax — all property taxes are levied by municipalities and boroughs. Tax rates vary significantly: Fairbanks North Star Borough runs ~1.2%, while the Kenai Peninsula Borough is near 0.8%.
The Senior Citizen/Disabled Veteran exemption exempts up to $150,000 of assessed value for qualifying homeowners. The first $20,000 of property value is exempt from municipal taxes in some boroughs.
No statewide cap. Individual municipalities may have their own limits.
Alaska residents receive an annual Permanent Fund Dividend, and the state has no income or sales tax, so property taxes shoulder a unique share of government funding.
The median home value in Alaska is $316,000. Anchorage home prices have remained relatively stable, with modest 5-8% annual gains since 2021. At the 1.04% effective rate, a homeowner at the median value pays roughly $3,464/year in property taxes.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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