Property Taxes in Alaska
Alaska's effective property tax rate is 0.91%, ranking #30 out of 50 states (1 = lowest). The median annual property tax paid is $3,680.
Alaska's property tax rate of approximately 0.91% is moderate by national standards, but the absence of state income tax and state sales tax means property taxes are the primary revenue source for local governments. Rates vary dramatically between boroughs — the Matanuska-Susitna Borough charges significantly less than Anchorage, while some remote areas have no organized borough and therefore no property tax at all. The state's Senior Citizen Property Tax Exemption can eliminate property taxes entirely for qualifying seniors.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.91%
Median Annual Tax
$3,680
National Rank
#30 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $1,820 | $152 |
| $300,000 | $2,730 | $228 |
| $400,000 | $3,640 | $303 |
| $500,000 | $4,550 | $379 |
| $750,000 | $6,825 | $569 |
* Based on the average effective rate of 0.91%. Actual rates vary by county and municipality.
Homestead Exemption in Alaska
Up to $72,900
File for the homestead exemption after purchasing your primary residence in Alaska to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How Alaska Compares
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