Municipalities can levy sales tax of no more than 9.507%.
Current average sales tax (with local taxes included): 1.875%
Gasoline Tax: 33.53 cents/gallon (Includes all state, local and federal taxes)
Diesel Fuel Tax: 39.38 cents/gallon (Includes all state, local and federal taxes)
Personal Income Tax
Alaska has no personal income tax.
Local municipalities average 1.19% 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:
Owner-occupied: May be eligible to exclude 20% of assessed value up to $50,000.
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.