Alaska Tax Factshttp://www.commerce.state.ak.us/dca/osa/taxfacts.htm * 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 391 communities in Alaska, many of which still remain unincorporated.
There are 162 incorporated municipalities (Local Governments). Of those 162, 17 are incorporated
into Boroughs (Boroughs are a rough equivalent to counties) and the remainder are incorporated
as cities.
* Of the 17 Boroughs, only 13 levy a property tax.
* Only 12 Cities located outside of Boroughs levy a property tax. Therefore, only 25
municipalities in Alaska (either cities or boroughs) levy a property tax.
* 108 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 3%-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 2007, local governments generated approximately $1.21 billion in revenues from property,
sales and severance taxes. Of that amount $957.6 million was from property taxes.
* Prudhoe Bay and the Trans-Alaska Pipeline (TAPs) contribute a little over $236 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 $134,434 which equated to a tax exemption of $1,784 for 2007.
* In 2007, the total full value for all municipalities (over 750 in population) was $84.3 billion
(including TAPS). With a statewide population of 670,053 the per capita full value was $125,741.
* The average per capita property tax paid in all municipalities, excluding oil and gas properties, was $1,228.
* There is no statewide sales tax levied.
* There is no personal state income tax.