Anchorage Municipality, AK Property Tax: $4,865/yr (2026)
Last reviewed:
The effective property tax rate in Anchorage Municipality is 1.29% of assessed home value. On a home at the county median value of $375,900, that works out to about $4,849 per year, or $404 per month. Anchorage Municipality is located in central Alaska, and is home to approximately 289,069 residents.
About Anchorage Municipality
Anchorage Municipality covers approximately 1,707.1 square miles in Alaska. The county is home to about 289,069 residents living in roughly 119,717 housing units, of which 57.4% are owner-occupied. The median household income is $98,152, and the median home was built in 1982.
Anchorage Municipality borders Kenai Peninsula Borough, Matanuska-Susitna Borough — useful comparisons if you're considering nearby areas with potentially different tax rates.
How Property Taxes Work in Alaska
Property taxes in Alaska are administered at the county level. Each county sets a millage rate applied to the assessed value of real property — the effective rate above accounts for any partial assessments and exemptions already built into the local tax base. Assessed value can differ meaningfully from current market value depending on how often the county reassesses and what fraction of market value it uses.
Most counties in Alaska offer exemptions that reduce the taxable assessed value: homestead exemptions for primary residences, senior exemptions, disability exemptions, and veteran exemptions are common. These reduce your effective rate below the county-wide average shown here. Contact the Anchorage Municipality Assessor's office to learn which exemptions apply to your property and when to file.
Anchorage Municipality vs. Neighboring Counties
| Location | Eff. Rate | Median Home | Annual Tax |
|---|---|---|---|
| Anchorage Municipality, AK | 1.29% | $375,900 | $4,849 |
| Alaska state average | 0.77% | — | $2,894* |
| Kenai Peninsula Borough | 0.66% | $297,500 | $1,974 |
| Matanuska-Susitna Borough | 1.10% | $319,200 | $3,512 |
| US national average | 1.10% | $281,900 | $3,101 |
*State average annual tax computed at Anchorage Municipality's median home value of $375,900. Source: US Census ACS 2023 5-year estimates.
Frequently Asked Questions
How does Anchorage Municipality's property tax rate compare to the rest of Alaska?
At 1.29%, Anchorage Municipality is higher than the Alaska state average of 0.77%. On a home at the county median of $375,900, that means about $4,849 per year — versus $2,894 at the state average rate, a difference of $1,955 per year. Compared to the national average of 1.10%, Anchorage Municipality is above average.
What's a typical annual property tax bill in Anchorage Municipality?
For a home at the county median value of $375,900, the annual property tax in Anchorage Municipality is approximately $4,849 — or about $404 per month. For a home worth $563,850, expect around $7,274 per year. For a $751,800 home, approximately $9,698 per year. Use the calculator above to estimate taxes for any assessed value.
Where do I appeal a Anchorage Municipality property tax assessment?
Property assessment appeals in Anchorage Municipality are handled by the Anchorage Municipality Assessor's office. Most jurisdictions require filing within 30–90 days of receiving your assessment notice — confirm the specific deadline with the assessor's office before submitting, as deadlines and procedures vary by county. A successful appeal can reduce your assessed value and lower your tax bill for the current and future tax years.
What exemptions are available in Anchorage Municipality?
Alaska counties commonly offer homestead exemptions for owner-occupied primary residences, senior citizen exemptions for qualifying homeowners aged 65 and older, exemptions for disabled residents, and veterans' exemptions. Each exemption reduces your assessed taxable value, which in turn reduces your effective tax rate below the county-wide 1.29% shown here. Contact the Anchorage Municipality Assessor's office to confirm which exemptions are available and the application deadlines.
Data sources: US Census Bureau ACS 2023 5-Year Estimates, US Census Gazetteer (2024), County Adjacency File