Property Tax in Anchorage Municipality, Alaska
The median real estate tax bill in Anchorage Municipality, Alaska is $4,865 per year, and the median home is worth $375,900. Both figures are the US Census Bureau's survey medians for owner-occupied households (US Census Bureau, American Community Survey (ACS) 5-year estimates, 2023).
What the Anchorage Municipality numbers mean
A median is the middle household: half of owner-occupied households in Anchorage Municipality pay more than $4,865, and half pay less. Your own bill is set by your home's assessed value, the exemptions you qualify for, and the local taxing districts your property sits in — so individual bills vary widely around the median.
Dividing the median tax by the median home value gives a derived effective rate of 1.29% for Anchorage Municipality. It is an estimate built from two survey medians, not the county's official rate, but it is a fair way to compare the local tax burden with other counties where home values are very different.
The key figures for Anchorage Municipality
| Measure | Anchorage Municipality |
|---|---|
| Median real estate taxes paid per year | $4,865 |
| Median home value | $375,900 |
| Derived effective rate* | 1.29% |
| Equivalent monthly tax | $405 |
| Tax per $100,000 of value (derived) | $1,294 |
| Illustrative tax on a $400,000 home (derived rate) | $5,176 |
For context, the Alaska medians are $3,785 of tax on $333,300 of value, and the US medians are $2,969 on $303,400. *Derived figures are estimates from Census medians, not official rates.
Anchorage Municipality at a glance
- Median tax rank in Alaska: #1 of 26 counties
- Median home value rank in Alaska: #7 of 26
- Population rank in Alaska: #1 of 26 (289,069 residents)
- Population density rank: #1 of 26 (169 people per square mile)
- Land area rank in Alaska: #24 of 26 (1,707 sq mi, 0.4% of the combined county land area)
- Median tax as a monthly figure: $405; per $1,000 of home value: $1.29
How Anchorage Municipality compares
The median tax bill in Anchorage Municipality is about 29% higher than the state median ($3,785 for Alaska) and about 64% higher than the US median ($2,969 nationally). By median taxes paid, the county ranks #1 out of 26 Alaska counties with published Census data — 0 counties in the state have a higher median bill.
Comparisons cut both ways: a county can have a modest rate but high bills because homes are expensive, or a high rate but modest bills because homes are cheaper. Anchorage Municipality's derived rate of 1.29% sits above the derived US figure of 0.98%.
Some extra context for Anchorage Municipality: the median bill works out to about $405 a month, and the derived rate equals roughly $1,294 of tax per $100,000 of home value. The county is home to 289,069 people — the #1 most populous county in Alaska, spread over 1,707 square miles, a density of about 169 people per square mile. Its median home value, $375,900, ranks #7 among the state's 26 counties with data.
Nationally, Anchorage Municipality's median bill of $4,865 ranks #134 of 3133 counties with published data — inside the top 4% of counties by tax paid. The county accounts for about 39.4% of Alaska's population, its median home value is about 13% above the state median, and at the derived rate the median home would hand over roughly 12.94% of its value in tax across a decade. Within the state, the distance from Anchorage Municipality to the most expensive county, Anchorage Municipality ($4,865), is $0 a year.
Counties nearest Anchorage Municipality in the Alaska ranking
| County | Median tax paid | Median home value | Derived rate* |
|---|---|---|---|
| Juneau City and Borough, AK | $4,039 | $432,500 | 0.93% |
| Fairbanks North Star Borough, AK | $3,570 | $282,500 | 1.26% |
How the tax is worked out
The bill is built in stages. First the assessor puts a market value on the property. Exemptions — a homestead exemption above all — then reduce the taxable amount. Finally the combined local rate is applied. To see the scale: at the county's derived rate of 1.29%, each $100,000 of value corresponds to about $1,294 of tax a year, and a $400,000 home to roughly $5,176. Real bills use the official assessment and district rates, not this derived figure, so treat the example as a sense of scale only.
Checking your assessment in Anchorage Municipality
Believe your assessment is too high? The practical order of attack is: obtain your record card and audit it line by line; collect comparable recent sales in Anchorage Municipality; ask the assessor's office to correct anything plainly wrong; and, if the value still seems off, lodge a formal appeal ahead of the deadline printed on your assessment notice. Windows are short — often 30 to 90 days — and late appeals are usually rejected outright, however strong the case.
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Frequently asked questions
What is the median property tax in Anchorage Municipality, Alaska?
The median real estate tax paid in Anchorage Municipality, Alaska is $4,865 per year, on a median home value of $375,900 (US Census Bureau, American Community Survey (ACS) 5-year estimates, 2023).
What is the effective property tax rate in Anchorage Municipality, Alaska?
On a derived basis, 1.29%: the county's median tax bill of $4,865 divided by its median home value of $375,900. Because it is calculated from two survey medians, read it as a comparison estimate rather than an official rate.
How does Anchorage Municipality compare with the rest of Alaska?
By median taxes paid, Anchorage Municipality stands at #1 among the 26 Alaska counties the Census publishes figures for. Its $4,865 median bill is about 29% higher than the state median ($3,785), and 0 counties in the state record a higher median.
How are property taxes calculated in Anchorage Municipality, Alaska?
Three steps produce the bill: an assessment of market value by the local assessor, a reduction for exemptions you qualify for (a homestead exemption is the common one), and multiplication by the combined rates of the county, municipality, school district and any special districts covering the property. The median result in Anchorage Municipality is $4,865 of tax on a $375,900 median home value.
Can I appeal my property tax assessment in Anchorage Municipality, Alaska?
You can. Pull your property record card from the Anchorage Municipality assessor, verify its details, and compare the assessed value against similar homes that sold recently. If the value still seems too high, submit a formal appeal to the board named on your notice before the stated deadline — usually a 30-to-90-day window.