Alaska Mortgage Calculator
Alaska has no statewide property tax at all. Property tax only exists where a borough or municipality actually levies one, and the Unorganized Borough, which covers more than half of Alaska’s land area, has no property tax whatsoever. This Alaska mortgage calculator with taxes and insurance lets you pick your actual borough, including that zero-tax option, alongside the state’s mandatory $150,000 senior and disabled veteran exemption.
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Statewide Average Spotlight
No income tax, no sales taxThis reflects a blended average across Alaska’s organized boroughs. Alaska has no statewide property tax; only local boroughs and municipalities that choose to levy one actually collect it.
Your Estimated Monthly Payment
Payment breakdown
Balance vs. interest paid over time
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What If You Paid Extra Toward Principal?
Slide to test an extra monthly payment and see how many years and how much interest it saves.
What If Your Rate Changes?
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Your 5-Year Equity Projection
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Why Alaska’s Property Tax Map Doesn’t Look Like Any Other State
Every other state calculator I’ve built starts with the same assumption: pick a county, get a rate. Alaska breaks that pattern entirely. There is no statewide property tax here at all. Property tax exists only where a borough or home-rule municipality has actually chosen to levy one, and Alaska’s boroughs, its rough equivalent of counties, don’t cover the whole state the way counties do everywhere else. The Unorganized Borough, a single, sprawling area with no borough government, covers roughly 57% of Alaska’s land area and about 13% of its population, and there is genuinely no property tax bill there. The tradeoff is that those areas also don’t get borough-funded roads, schools, or emergency services the way organized boroughs do.
Alaska Property Tax by Borough
| Borough / region | Effective rate | Notes |
|---|---|---|
| Unorganized Borough | 0.00% | No borough government, no property tax; 57% of state land area |
| Kenai Peninsula | 0.55% | Well below the organized-borough average |
| Matanuska-Susitna (Mat-Su) | 1.05% | Fast-growing area north of Anchorage |
| Juneau | 1.07% | State capital, accessible only by air or sea |
| Fairbanks North Star | 1.45% | Interior Alaska |
| Anchorage | 1.70% | Highest among major population centers, about 40% of the state’s residents |
Alaska’s Mandatory $150,000 Senior and Disabled Veteran Exemption
Under Alaska Statute 29.45.030, any borough or municipality that levies property tax is required to exempt at least the first $150,000 of assessed value for a primary residence owned by someone 65 or older, a surviving spouse 60 or older, or a veteran with a service-connected disability rating of 50% or more. There’s no income test, and since Alaska assesses property at full market value rather than a reduced ratio, that $150,000 figure applies directly without any conversion. Some boroughs choose to exempt more than the state minimum, so it’s worth checking with your specific borough assessor, but $150,000 is the floor everywhere property tax is charged at all.
No Income Tax, No Sales Tax, and the Permanent Fund Dividend
Alaska is the only state with neither a state income tax nor a state sales tax. On top of that, every eligible resident receives an annual Permanent Fund Dividend from the state’s oil-wealth investment fund, which ran around $1,700 per person in recent years. It isn’t tied to homeownership and won’t show up in your mortgage payment, but it’s a real, ongoing offset to the cost of living here that’s worth knowing about if you’re weighing Alaska against another state.
Alaska Has No Real Estate Transfer Tax
Alaska charges no state or local real estate transfer tax on property sales, one of a handful of states with none at all. Buyers and sellers still cover the usual closing costs like title insurance, recording fees, and lender charges, but there’s no percentage-based tax on the transaction itself to budget for.
Frequently Asked Questions
Is there really no property tax in parts of Alaska?
Yes. The Unorganized Borough, which covers about 57% of Alaska’s land area, has no borough government and therefore no property tax. Property tax only applies in organized boroughs and municipalities that choose to levy it.
What is Alaska’s senior property tax exemption?
A mandatory exemption of at least $150,000 of assessed value for a primary residence owned by someone 65 or older, a surviving spouse 60 or older, or a disabled veteran rated 50% or more, required under Alaska Statute 29.45.030 in every borough that levies property tax. There is no income test.
Does Alaska have a state income tax?
No. Alaska is the only state with neither a state income tax nor a state sales tax.
What is the Alaska Permanent Fund Dividend?
An annual payment to eligible Alaska residents from the state’s oil-wealth investment fund, roughly $1,700 per person in recent years. It’s not tied to homeownership but is a real ongoing offset to Alaska’s cost of living.
Why do Alaska property tax rates vary so much?
Because property tax is levied entirely by local boroughs and municipalities rather than the state, and many rural areas outside organized boroughs have no property tax at all, the variation across Alaska is more extreme than in almost any other state.
Does Alaska charge a real estate transfer tax?
No, Alaska has no state or local real estate transfer tax on property sales.
How accurate is this mortgage calculator with taxes and insurance?
The principal and interest math is exact. Borough tax figures reflect published rates, while insurance and PMI are market-based estimates that may vary once a lender underwrites your loan.
Should I choose a 15-year or 30-year mortgage in Alaska?
A 15-year term carries a lower rate and less total interest but a higher payment. A 30-year term keeps payments lower and more flexible, which is why most buyers choose it.
References
- Alaska Department of Commerce, Community, and Economic Development, Property Tax Exemptions – commerce.alaska.gov
- Consumer Financial Protection Bureau, Owning a Home resources – consumerfinance.gov/owning-a-home
- U.S. Department of Housing and Urban Development, homebuying guidance – hud.gov/topics/buying_a_home
Related State Mortgage Calculators
Comparing Alaska against other low-tax or unusually-structured markets? These calculators use the same real tax-data approach:
Related DexoCalc Tools
This Alaska mortgage calculator sits inside a wider set of financial planning tools on DexoCalc.
This calculator provides estimates for educational purposes only and is not a loan offer, pre-approval, or substitute for advice from a licensed mortgage professional. Borough tax rates and exemption figures reflect published rates and law at time of writing and can change; confirm exact current figures with your borough assessor and your insurance provider.