Alaska variant. This is a Alaska-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
Alaska's effective property tax rate of 1.04% means the owner of a median $365,000 home pays roughly $3,796 per year - a figure that varies widely by state.
How Alaska property tax is calculated
Property tax = assessed value × local millage rate. The 1.04% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $365,000 Alaska median home, that works out to about $3,796/year or $316/month - often escrowed into your mortgage payment.
About taxes and housing in Alaska
Alaska levies no state income tax and no statewide sales tax, relying heavily on oil and natural resource revenue.
Property taxes are levied only by local boroughs and municipalities, so many remote areas of Alaska have no property tax at all.
Alaska's economy is anchored by oil, fishing, and tourism, and residents receive an annual Permanent Fund Dividend from oil revenue investments.
Worked example: tax on a $365,000 home
$365,000 × 1.04% = $3,796 per year. A $500,000 home in Alaska would owe about $5,200 annually at the same effective rate.
Quick reference
- State income tax: No state income tax
- State sales tax: 0% (plus 1.82% avg local)
- Median home value: $365,000
- Median household income: $89,336
- Effective property tax rate: 1.04%
- Avg auto insurance: $1,265/yr
Frequently Asked Questions
What is the property tax rate in Alaska?
Alaska's effective property tax rate averages 1.04% of market value per year.
How much property tax on a $365,000 home in Alaska?
About $3,796 per year at the 1.04% effective rate.