Anchorage Municipality, Alaska property tax
The median homeowner in Anchorage Municipality, Alaska pays $4,865 a year in property tax on a home worth $375,900, an effective rate of 1.29%. The national effective rate is 0.98%.
What the rate means here
At 1.29%, Anchorage Municipality taxes property more heavily than the country as a whole, which sits at 0.98%. A high rate applied to a home worth $375,900 is what makes the bill $4,865. Counties in this position usually fund schools locally and have little commercial or industrial base to spread the burden across.
Inside Alaska it is one of the most heavily taxed counties there is, ranking #2 of 18, against a statewide 1.14%. At the other end of the same state, Northwest Arctic Borough charges 0.12%. A spread that wide inside one state is normal, because school districts, not states, set most of the levy.
The median home costs 3.83 times the median household income of $98,152, close to the national 3.86. Incomes here run above the national median, which is what keeps that ratio ordinary despite the house prices. At 289,069 residents the county is large enough that its median blends several distinct housing markets.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Anchorage Municipality | Alaska | United States | |
|---|---|---|---|
| Effective property tax | 1.29% | 1.14% | 0.98% |
| Median tax bill | $4,865 | $3,785 | $2,969 |
| Median home value | $375,900 | $333,300 | $303,400 |
| Median gross rent | $1,453 | $1,388 | $1,348 |
| Median household income | $98,152 | $89,336 | $78,538 |
| Home price to income | 3.83× | 3.73× | 3.86× |
| Rent as share of income | 17.76% | 18.64% | 20.6% |
| Owner-occupied | 63.74% | 66.59% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 289,069.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Matanuska-Susitna Borough | 1.10% | $3,512 | $319,200 |
| Fairbanks North Star Borough | 1.26% | $3,570 | $282,500 |
| Kenai Peninsula Borough | 0.66% | $1,974 | $297,500 |
| Juneau City and Borough | 0.93% | $4,039 | $432,500 |
| Bethel Census Area | n/a | not reported | $120,600 |
Anchorage Municipality property tax: common questions
What is the property tax rate in Anchorage Municipality, Alaska?
The effective rate is 1.29% of home value, from a median tax bill of $4,865 against a median home value of $375,900. That is 0.31 points above the national 0.98%.
How much is property tax on a $400,000 home in Anchorage Municipality?
Roughly $5,160 a year at the county effective rate of 1.29%.
Is Anchorage Municipality expensive compared with the rest of Alaska?
It ranks #2 of 18 Alaska counties by effective property tax rate, and #582 of 2,826 nationally. That is 0.15 points above the Alaska average of 1.14%.
What does housing cost in Anchorage Municipality?
The median home is worth $375,900 and median gross rent is $1,453 a month. Median household income is $98,152, which puts the home at 3.83 times annual income and rent at 17.76% of it.