Navigating your property tax bill can be confusing. What do the various sections mean? Take a look at the explanation, below, for a clear description of what the numbers mean.Learn more
You are hereHome ›
Property Taxes levied in Anchorage are approved by the Assembly.
A property tax is an ad valorem tax, which means it is based on the value of the taxable property. Taxpayers pay a flat rate per dollar value of taxable property that they own. The flat rate, called a mill levy or mill rate, is $1.00 of tax per $1,000 of assessed value.read more
A category of bonds in which the Municipality pledges that it will ensure the debt is repaid. Voter approval is required to incur this debt. General Obligation, bonds appear on a general election ballot and require approval by a majority of those voting in that service area. The debt is repaid over time by property tax payers in that service area.read more