-
Alaska
is the largest state in the United States, however, for all
its vastness, only a small portion of the land mass is subject
to a property tax.
-
There
are approximately 395 communities in Alaska,
many of which still remain unincorporated. There are 165 incorporated
municipalities (Local
Governments). Of those 165, 17 are incorporated
into
Boroughs (Boroughs are a rough equivalent to counties)
and the remainder are incorporated
as cities.
-
Of the 18 Boroughs, only 14 levy a property tax.
-
Only 11 Cities located outside of Boroughs levy a property tax. Therefore,
only 25 municipalities in Alaska (either cities or boroughs) levy a property
tax.
-
89
municipalities (reporting) levy a general sales tax. Sales tax rates
range from a low of 1% to a high of 7%.
-
The "typical" sales
tax rates are from 2%-5%.
-
Other
types of local taxes levied are raw fish taxes, hotel/motel "bed" taxes,
severance taxes, liquor and tobacco taxes, gaming (pull tabs) taxes and
fuel transfer taxes.
-
In
2008, local governments generated approximately $1.268 billion in revenues
from property, sales and severance taxes. Of that amount $988.7
million was from property taxes.
-
Prudhoe
Bay and the Trans-Alaska Pipeline (TAPs) contribute a little over $253.7
million in property taxes to local government.
-
Alaska exempts from property taxes, the first $150,000 of assessed value
for all senior citizens (65 years of age and over) and disabled veterans
(50% or more service connected disability).
-
The
average assessed value exempted from taxes for senior citizens and
disabled veterans is $138,468 which equated to a tax exemption of $1,821
for 2008.
-
In
2008, the total full value for all municipalities (over 750 in population)
was $90.2 billion (including TAPS). With a statewide population of 676.987 the
per capita full value was $133,225.
-
The
average per capita property tax paid in all municipalities, excluding
oil and gas properties, was $1,212.
-
There is no statewide sales tax levied.
-
There is no personal state income tax.
© Alaska Division of
Tourism |