Alaska

Alaska has an effective property tax rate of 1.04%, with a median annual property tax of $3,650. Properties are assessed at 100.0% of market value and reassessed annual. Payments are due semi-annual.

Effective Rate

1.04%

Assessment Ratio

100.0%

Median Annual Tax

$3,650

Payment Frequency

Semi-Annual

Appeal Deadline

Within 30 days of assessment notice; typically by March 31 to Board of Equalization

Due Dates

Varies by borough; Anchorage: July 15 and September 15; Fairbanks: August 15 and November 15

Reassessment Cycle

Annual

Homestead Exception

First $150,000 of assessed value exempt for seniors (65+) and disabled veterans

Key Notes

No state income tax or sales tax. Property tax is primary revenue source for boroughs. Not all areas levy property tax. Unorganized boroughs have no property tax.

Late Penalty

10% penalty plus 10.5% annual interest on delinquent taxes

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