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
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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
The appropriation level for funds (or service areas). Function cost is calculated as follows: Direct + Intragovernmental - Intragovernmental = Function Costi. The function cost of a particular fund is the sum of the function costs of all budget units assigned to the fund. The Assembly appropriates a fund's function costs for the fiscal year.read more