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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Just as many of our city's families are making hard choices about how to balance their household budget, the Municipality is looking at its expenses and ways to be more responsible with taxpayer money. We will look at every dollar being spent in order to ensure it is delivering cost-effective results.Learn more
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 plan for capital expenditures and the means to finance them. Capital projects are improvements to the Municipality’s assets—from buildings to parks to streets to drainage. The CIB is a one-year plan (compared to the six-year CIP). Funding for capital projects primarily comes from State of Alaska grants and voter-approved local. The CIB is submitted to the Assembly for its approval.read more