Property Tax & Income in Anchorage Municipality, Alaska
Anchorage Municipality has an effective property tax rate of 1.26%. On the median home value of $395,900, that's roughly $4,982 per year. Median household income is $103,284.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Anchorage Municipality | Alaska (state context) |
|---|---|---|
| Effective property tax rate1 | 1.26% | 0.69% |
| Median home value1 | $395,900 | — |
| State income tax3 | No state income tax | No state income tax |
| State sales tax3 | 1.82% combined | 1.82% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Anchorage Municipality, AK
In Anchorage Municipality, homeowners face an effective property tax rate of 1.258%, noticeably higher than Alaska's statewide median of 0.689% and the national figure of 0.794%. That rate places the municipality third among the state's 28 counties. On a median home value of $395,900, the annual real-estate tax bill comes to $4,982. With median household income at $103,284, that bill absorbs roughly five cents of every dollar the household earns — a real line item in the yearly budget. Per-capita income stands at $51,144. Anchorage, the largest community in the municipality, anchors a local housing market where property taxes carry more weight than in most of Alaska. Buyers weighing a move here should factor that recurring cost into what they can afford each year.