Municipalities can levy sales tax of no more than 9.50%.
Current average sales tax (with local taxes included): 1.83%
Gasoline Tax: 27.35 cents/gallon (Includes all state, local and federal taxes)
Diesel Fuel Tax: 33.35 cents/gallon (Includes all state, local and federal taxes)
Personal Income Tax
Alaska has no personal income tax.
Property Tax
Local municipalities average 1.16% of the property's assessed value.
Assessed Value: Fair market value each year; inspection cycle cannot occur more often than every six years.
Relief programs for:
65 and over/If over 60 Surviving Spouse: Exempt from first $150,000 of assessed value.
Disabled Veterans/If over 60 Surviving Spouse: Exempt from first $150,000 of assessed value with service-connected disability of 50% or more.
Personal Property Tax: Yes. Rates and exemptions vary.
Property Tax Comments: A municipality may not levy a property tax in excess of 3% unless voted on by taxpayers. Additional optional property tax exemptions can be enacted at the municipal level. Relief programs in Alaska are not mandated by the state.
Premium and Life members can consult our financial staff for education and consumer advice.
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