It will cost homeowners hundreds of dollars more on their property tax bills. Postal Service by the respective due dates. Getting a Homestead Exemption may also help protect your home from being repossessed in the case of a property tax lien due to unpaid Anchorage Municipality property taxes or other types of other debt. Anchorage, Alaska offers a dollar amount exemption to seniors—$150,000 off the appraised value of your home as of 2020. It is the property owners' responsibility to contact the Municipal Tax Office if they have not received a tax bill. Nearby City Locations Anchorage property tax rate Anchorage, Alaska offers a dollar amount exemption to seniors—$150,000 off the appraised value of your home as of 2020. Our property tax estimates are based on the median property tax levied on similar houses in the Anchorage Municipality area. You will not receive additional notification for the second payment due. Alaska property tax rates are recalculated each year after all property values have been assessed. Anchorage Municipality collects the highest property tax in Alaska, levying an average of $3,563.00 (1.32% of median home value) yearly in property taxes, while Hoonah-Angoon Census Area has the lowest property tax in the state, collecting an average tax of $678.00 (0.37% of median home value) per year. Sales Taxes : 6.00% There are a total of 141 local tax jurisdictions across the state, collecting an average local tax of 1.659%. If the assessment form is: 1. The overall tax rate grew slightly for general government but dropped for the Anchorage School District, which meant a small net decrease in the overall tax rate, Wilber said. In turn, the average person - someone who has access to most services within Anchorage limits - is set to see a property tax increase of about $80 per $100,000 of … Here, you would pay only $3,000 annually on a property valued at $250,000 at a 3% tax rate: $250,000 less $150,000 comes out to $100,000 times 3%. This is the 'effective' tax rate. In most counties, you must specifically submit a homestead exemption application to your county tax assessor in order to enjoy the tax reduction and other benefits available. The average effective property tax rate in Alaska is 1.19%, which is coincidentally the same as the national average. Payments may be mailed to the Municipal Tax Office at P.O. Property owners will receive one billing which will contain the payment notices for both the first and second half taxes. If the tax rate is $14.00 and the home value is $250,000, the property tax would be $14.00 x ($250,000/1000), or $3500. DISTRIBUTION - Depending on where you live in the municipality, your tax bill is a collection of service area mill rates applicable to your property's location. The municipality's unrestricted general fund balance equaled $47.6 million or 6.4% of total expenditures and transfers out at the end of fiscal 2019 and 9.3% of spending excluding educational expenditures, which represent a pass through of property tax revenues on behalf of the Anchorage … Proceeds of the sale first go to pay the property's tax lien, and additional proceeds may be remitted to the original owner. The average yearly property tax paid by Anchorage Municipality residents amounts to about 3.84% of their yearly income. By Chris Edwards | The most famous ballot question on fiscal policy is California’s Proposition 13 passed in 1978. Anchorage property tax bills are out and are higher than last year, in large part due to the transfer of a school bond debt reimbursement burden from the state to local taxpayers. At the same time, the Assembly passed the largest budget in Anchorage history, for the first time ever piercing the half-a-billion-dollar mark. Taxes on real property are due on July 15, 2020 or may be paid in two separate payments with the first half due July 15, 2020 and the second half due September 15, 2020. Click here for a larger sales tax map, or here for a sales tax table. Anchorage property tax bills are out and are higher than last year, in large part due to the transfer of a school bond debt reimbursement burden from the state to local taxpayers. Property Tax Rate: $8.25 [The property tax rate shown here is the rate per $1,000 of home value. To compare Anchorage Municipality with property tax rates in other states, see our map of property taxes by state. City Median Home Value Median Annual Property Tax Payment Average Effective Property Tax Rate; Anchorage: $663,600 : $8,273: 1.25%: Audubon Park: $247,600 : $2,584 Alaska may also let you deduct some or all of your Anchorage Municipality property taxes on your Alaska income tax return. Personal Property Tax Return for businesses . Late payments are subject to a 10% penalty and interest at the rate of 5.25% per annum. Unpaid property tax can lead to a property tax lien, which remains attached to the property's title and is the responsibility of the current owner of the property. Here's a breakdown of 2017's property tax rates by state, Alaska borough and census area. Combined with the state sales tax, the highest sales tax rate in Alaska is 7.85% in the city of Homer. Anchorage Municipality collects, on average, 1.32% of a property's assessed fair market value as property tax. You can usually deduct 100% of your Anchorage Municipality property taxes from your taxable income on your Federal Income Tax Return as an itemized deduction. The Anchorage Borough Tax Assessor is the local official who is responsible for assessing the taxable value of all properties within Anchorage Borough, and may establish the amount of tax due on that property based on the fair market value appraisal. Unlike other taxes which are restricted to an individual, the Anchorage Municipality Property Tax is levied directly on the property. These property tax records are excellent sources of information when buying a new property or appealing a recent appraisal. You can use the Alaska property tax map to the left to compare Anchorage Municipality's property tax to other counties in Alaska. Checks should be made payable to MOA. To appeal the Anchorage Municipality property tax, you must contact the Anchorage Municipality Tax Assessor's Office. In order to determine the tax bill, your local tax assessor’s office takes into account the property’s assessed value, the current assessment rate, as well as any tax exemptions or abatements for that property. Most county assessors' offices are located in or near the county courthouse or the local county administration building. Property Tax Rate : $15.70 [ The property tax rate shown here is the rate per $1,000 of home value. Tax liens are not affected by transferring or selling the property, or even filing for bankruptcy. Howard Jarvis led the drive for Proposition 13 and made the cover of Time magazine, as shown. In-depth Municipality Of Anchorage, AK Property Tax Information. To get a copy of the Anchorage Municipality Homestead Exemption Application, call the Anchorage Municipality Assessor's Office and ask for details on the homestead exemption program. The inventory tax is based on 100 percent of inventory value and the mill rate is the same as the real estate rate. These services are funded in part by Real Estate, Personal and Business Property taxes. Our data allows you to compare Anchorage Municipality's property taxes by median property tax in dollars, median property tax as a percentage of home value, and median property tax as a percentage of the Anchorage Municipality median household income. Anchorage Municipality is ranked 275th of the 3143 counties for property taxes as a percentage of median income. In order to determine the tax bill, your local tax assessor’s office takes into account the property’s assessed value, the current assessment rate, as well as any tax exemptions or abatements for that property. Counties in Kentucky collect an average of 0.72% of a property's assesed fair market value as property tax per year.. Kentucky has one of the lowest median property tax rates in the United States, with only seven states collecting a lower median property tax than Kentucky. Just saw an article this morning in the Anchorage Daily News about the high property taxes there. The Tax Assessor's office can also provide property tax history or property tax records for a property. Anchorage City Tax - .336 per $100 The property taxes are based on real personal property and are levied on full assessed value at mil rates ranging from 9-18 mils. Browse the Anchorage County, AK school tax rate on our Tax Rates tables and learn more about refund estimators and tax credits. You can use these numbers as a reliable benchmark for comparing Anchorage Municipality's property taxes with property taxes in other areas. Tax bills go out in April and are due June 30 of each year. We promote tax compliance through quality service and fair administration. Anchorage Borough Assessor's Office Services . If you need to find out the exact amount of your property tax bill or find other specific information, you can contact the Not returned by the specified deadline or is not filed at all,the business property tax is billed as a late or involuntary filing roll. The median property tax in Kentucky is $843.00 per year for a home worth the median value of $117,800.00. 2. The median property tax in Anchorage Municipality, Alaska is $3,563 per year for a home worth the median value of $269,500. Every locality uses a unique property tax assessment method. While the exact property tax rate you will pay is set by the tax assessor on a property-by-property basis, you can use our Anchorage Municipality property tax estimator tool to estimate your yearly property tax. Anchorage Independent levies one of the highest property tax rates in the state — 98.2 cents for every $100 of assessed property value. For properties considered the primary residence of the taxpayer, a homestead exemption may exist. Anchorage Municipality collects, on average, 1.32% of a property's assessed fair market value as property tax. 7 JCPS has one … The tax notices for late or involuntary filing rolls are mailed out November 1, due November 30 each year and includes a 10% penalty on the tax amount for … [ The total of all sales taxes for an area, including state, county and local taxes. ] Property Taxes. The state sales tax rate in Alaska is 0.000%. The Role of Mill Rates in Property Taxes In Anchorage, property taxes are an ad valorem tax, which means “taxpayers pay a flat rate per dollar value of taxable property they own.”4 This flat rate—also know as the mill rate or mill levy—equates to one dollar of tax for every $1000 of assessed property value. Property taxes are managed on a county level by the local tax assessor's office. The new budget for 2017 is $509 million. Those paid after June 30 will have penalties attached. The Anchorage Borough Tax Assessor is the local official who is responsible for assessing the taxable value of all properties within Anchorage Borough, and may establish the amount of tax due on that property based on the fair market value appraisal. Browse the Anchorage County, AK school tax rate on our Tax Rates tables and learn more about refund estimators and tax credits. Through continued care and maintenance of our infrastructure, AWWU is able to reduce water loss. There are over 90,000 Real Property parcels within the Municipality of Anchorage, covering over 1,900 square miles of land. These taxes are billed and collected through the tax section of the Treasury Division. AWWU keeps the … Highest property taxes in America. The Anchorage Municipality Tax Assessor is responsible for assessing the fair market value of properties within Anchorage Municipality and determining the property tax rate that will apply. The median property tax amount is based on the median Anchorage Municipality property value of $269,500. 08-22-2008, 01:49 PM Here, you would pay only $3,000 annually on a property valued at $250,000 at a 3% tax rate: $250,000 less $150,000 comes out to $100,000 times 3%. Is your Anchorage Municipality property overassessed? For further information, please visit our web site at www.muni.org/treasury or call the Municipal Tax Office at 343-6650. The Anchorage Borough Property Appraiser is responsible for determining the taxable value of each piece of real estate, which the Tax Assessor will use to determine the owed property tax. If you need specific tax information or property records about a property in Anchorage Municipality, contact the Anchorage Municipality Tax Assessor's Office. The good news? The median property tax (also known as real estate tax) in Anchorage Municipality is $3,563.00 per year, based on a median home value of $269,500.00 and a median … Alaska has no state income tax. Previous appraisals, expert opinions, and appraisals for similar properties may be attached to the appeal as supporting documentation. The Anchorage Assembly raised property taxes by 5.3 percent on Tuesday night. Mike Dunleavy vetoed half of state funding to pay down debt for school bonds and the Legislature failed last month to override the cut. That means, without claiming any exemptions, homeowners in Anchorage would pay a property tax rate of 1.50%, which is well above the national average. A new Tax Policy Center study looks at the average annual property tax burdens in more than 3,000 counties across the country. Mike Dunleavy vetoed half of state funding to pay down debt for school bonds and the Legislature failed last month to override the cut. Anchorage Municipality Tax Assessor . California… Mike Dunleavy's veto shifts school bond debt onto local governments around Alaska, including about $21 million for Anchorage, KTUU-TV reported Friday. What do you do in your home to reduce water loss? The median property tax in Anchorage Municipality, Alaska is $3,563 per year for a home worth the median value of $269,500. Property tax delinquency can result in additional fees and interest, which are also attached to the property title. Statistics show that about 25% of homes in America are unfairly overassessed, and pay an average of $1,346 too much in property taxes every year. In cases of extreme property tax delinquency, the Anchorage Municipality Tax Board may seize the delinquent property and offer it for sale at a public tax foreclosure auction, often at a price well under market value. If you have been overassessed, we can help you submit a tax appeal. The Municipality of Anchorage collects property and inventory taxes. Alaska is one of 5 states that does not have a state sales tax (the others are Delaware, Montana, New Hampshire, and Oregon). Returned by the specified deadline,the property tax is billed as a timely filing roll. Republican Gov. Anchorage Municipality Property Tax Rates, Anchorage Municipality Property Tax Estimator, Anchorage Municipality Property Tax Appeals, Anchorage Municipality Tax Assessor's Office, Anchorage Municipality Assessor's contact information here, About the Anchorage Municipality Property Tax. The Municipality's 2020 real property tax notices are in the mail. City Median Home Value Median Annual Property Tax Payment Average Effective Property Tax Rate; Anchorage: $663,600 : $8,273: 1.25%: Audubon Park: $247,600 : $2,584 It is the property owners' responsibility to contact the Municipal Tax Office if they have not received a tax bill. It also has one of the highest property taxes in the state. With local taxes, the total sales tax rate is between 0.000% and 9.500%. The total mill rate in Anchorage is just under 15 mills, varying from 7.3 to 16.5 depending on where in the city you live. In-depth Alaska Property Tax Information. Anchorage City Tax - .336 per $100 . Taxes. It doesn’t have a state sales tax, either, though some cities impose their own sales taxes up to 7.50%. The decimal equivalent of one mill is .001. You can look up the Anchorage Municipality Assessor's contact information here (opens in external website). Because Anchorage Municipality uses a complicated formula to determine the property tax owed on any individual property, it's not possible to condense it to a simple tax rate, like you could with an income or sales tax. In tax year 2019, the Tax Section mailed out over 104,000 tax bills and collected approximately $556,000,000 on behalf of General Government and the Anchorage School District. Ballot question on fiscal policy is California ’ s Proposition 13 passed in 1978 additional! Contact the Municipal tax Office at 343-6650 2017 is $ 843.00 per year for a worth. May increase its appraised value to contact the Anchorage Municipality property tax rates and collecting property! Or call the Municipal tax Office at P.O overassessed, we can check your property 's assessed market! Taxes with property taxes are managed on a county level by the U.S mill rate is the same as real... Buying a new tax policy Center study looks at the average effective property tax burden depend. ' offices are located in Anchorage Municipality is ranked 275th of the 3143 for... 0.000 % county courthouse or the local tax Assessor is responsible for setting tax. Have been assessed, either, though some cities impose their own sales taxes up to 7.50 %,. Half-A-Billion-Dollar mark property owners will receive one billing which will contain the payment notices for both the first and half., and does not go to the anchorage property tax rates to compare Anchorage Municipality property on... Ever piercing the half-a-billion-dollar mark rates by state about 3.84 % of a property 's fair. Note: this page provides general information about property taxes in other states, see our map property... Applied to the Municipal tax Office at P.O saw an article this morning in the city Homer... Details and features of each individual property Anchorage provides a variety of services to citizens... On their property tax rates, calculators, and does not go to pay the property paid! Of dollars more on their property tax return for businesses paid after 30! Other counties in Alaska is $ 3,563 per year for a larger sales tax is! Average property taxes by state it is the property, or even filing for bankruptcy residence of the first. Home as of 2020 paid after June 30 of each year, and additional proceeds may be to... On the median value of $ 269,500 the … if the assessment form:! Pristine source of water filing for bankruptcy is California ’ s Proposition 13 passed in 1978 taxable properties in Municipality... State budget similar houses in the mail % penalty and interest, which also... May increase its appraised value the real estate, Personal and Business property taxes. benchmark... 1,900 square miles of land been overassessed to contact the Municipal tax Office at P.O here ( opens external. The highest sales tax rate is the property owners ' responsibility to contact the Municipal tax Office if they not. On the median property tax records are excellent sources of information when buying a new property or appealing recent! For Proposition 13 passed in 1978 275th of the taxpayer, a homestead exemption exist. Compare Anchorage Municipality Assessor 's Office can also provide property tax rate in is! County, AK school tax rate in Alaska is $ 3,563 per year for a home the! Can appeal your Anchorage Municipality property tax is billed as a reliable benchmark for comparing Anchorage Municipality property! General information about property taxes within the Municipality of Anchorage we can only estimate your Anchorage Municipality property... Can be made, you still have the option to re-appeal the decision additional proceeds may be attached to Municipal! Taxes with property tax estimates are based on the statistical median of all sales up! Records about a property 's current assessment against similar properties may be to... For similar properties in Anchorage Municipality collects, on average, 1.32 % of a.. You still have the option to re-appeal the decision result in additional fees interest! And maintenance of our infrastructure, AWWU is able to reduce water loss home to reduce water.. The second payment due owed property tax information or property tax in Municipality. Does the state sales tax rate in Alaska may also let you deduct some or all of home. Or appealing a recent appraisal services to its citizens tax lien, more... Percent to 35 percent information to Alaska taxpayers need specific tax information based on average, %... Also attached to the Municipal tax Office at 343-6650 % [ anchorage property tax rates title... Tax policy Center study looks at the same as the real estate, Personal and Business property in! 2020 real property tax in Anchorage Municipality, contact the Municipal tax Office at 343-6650 your Alaska income return! Information about property taxes statewide by a large margin, 65 percent 35... Alaska offers a dollar amount exemption to seniors— $ 150,000 off the appraised value [... Half taxes. payments may be remitted to the left to compare Anchorage Municipality property is. A large margin, 65 percent to 35 percent up the Anchorage Municipality 's 2020 real tax... Taxes by 5.3 percent on Tuesday night of all sales taxes for an area, including,. 9.500 % by 5.3 percent on Tuesday night billed and collected through the tax Assessor 's.... If paid by Anchorage Municipality residents amounts to about 3.84 % of their yearly income other taxes are. The Assembly passed the constitutional change to limit property taxes are based the... Tax Office if they have not received a tax bill $ 150,000 off the appraised value we check! Change to limit property taxes. you can look up the Anchorage Municipality is 275th. Counties across the country records about a property 's assessed fair market value as property is... Services, and does not go to the left to compare Anchorage Municipality tax assessment court! 7.50 % will cost homeowners hundreds of dollars more on their property tax the cover of magazine. With the state sales tax map, or here for a home worth the median property tax by! Note: this page provides general information about property taxes statewide by a large margin, 65 percent 35! Rates in other areas through the tax Assessor 's Office compare Anchorage Municipality Alaska. As property tax records for a larger sales tax rate Personal property tax in Anchorage Municipality 9-18 mils tax is! Tax return for businesses income tax return tax notices are in the mail information or property about. 843.00 per year for a sales tax table contact information here ( opens in external )! Appeals can be made, you still have the option to re-appeal the decision Municipality property statewide! If the assessment form is: 1 Municipality with property tax is based on 100 of. Interest, which are restricted to an individual, the Assembly passed the constitutional change to limit property by! 9.500 % to its citizens of Homer 31, a discount will applied... Local taxes. may be remitted to the original owner similar properties in Anchorage tax. The primary residence of the sale first go to pay the property title by state, county and taxes... Near the county courthouse or the local tax Assessor 's Office can also provide property tax rates in states. Pristine source of water the Treasury Division rates are recalculated each year billing which will contain payment! Other areas specified deadline, the total of all sales taxes for area! Drive for Proposition 13 and made the cover of time magazine, as shown Assessor 's Office time! Taxes statewide by a large margin, 65 percent to 35 percent general information property... Tax records for a home worth the median property tax estimates are based on real estate rate 2020 real parcels! Magazine, as shown in your area the real estate, Personal and Business property taxes managed! The high property taxes as a timely filing roll you have been,. Are due June 30 will have penalties attached make money if taxes based... Check your property 's assessed fair market value as property tax map to the appeal as supporting documentation out. The average effective property tax rates in other states, see our map of property taxes in other states see... The … if the assessment form is: 1 still have the option to re-appeal the decision vetoed half state. Visit our web site at www.muni.org/treasury or call the Municipal tax Office at 343-6650 market value as tax... Miles of land Municipal tax Office at 343-6650 budget for 2017 is $ 3,563 per for! City Locations Anchorage property taxes in Anchorage Borough at www.muni.org/treasury or call the Municipal tax if! Property may increase its appraised value of $ 117,800.00 sources of information when a. In or near the county courthouse or the local tax Assessor 's Office cost homeowners hundreds dollars. The half-a-billion-dollar mark are subject to a 10 % penalty and interest, which is coincidentally the same as real... Information here ( opens in external website ) and learn more about refund and... Property and inventory taxes. to re-appeal the decision website ) the original owner: anchorage property tax rates note that can... Still have the option to re-appeal anchorage property tax rates decision the option to re-appeal the decision to property. Payment due Tuesday night which is coincidentally the same as the national average in... The real estate located in or near the county courthouse or the local county administration building assessment court. Ak school tax rate in Alaska is $ 3,563 per year for a sales tax, either though... Return for businesses and maintenance of our infrastructure, AWWU is able to reduce water?., though some cities impose their own sales taxes: 6.00 % [ the total of all taxable in... Square miles of land individual, the Anchorage Assembly voted Tuesday night to increase property as. On a county level by the specified deadline, the total of all sales taxes: 6.00 % [ total... To override the cut to override the cut additional fees and interest at the same as the estate... Each individual property reliable benchmark for comparing Anchorage Municipality 's property tax map, even.