99503 Property Tax Rate

Property owners in ZIP code 99503 (Anchorage, Alaska) pay a median of $3,847/year in property taxes on homes valued at $316,700. This translates to an effective tax rate of 1.21%, which is 44% above the Alaska state average of 0.84%.

The monthly property tax burden for a median-valued home in 99503 is approximately $321, which factors into escrow payments on mortgages. This ZIP code is located within Bethel Census Area. This is $1,492 more than the Alaska average of $2,355/year.

Compared to similar ZIP codes in Alaska, 99503 has lower property taxes. ZIP codes with similar effective rates include 99705 (1.21%) and 99567 (1.22%).

In Anchorage, property taxes represent approximately 5.0% of the median household income of $76,888, providing context for the relative tax burden on homeowners in this area.

Alaska has no statewide property tax cap; the Bethel Census Area assessor sets values locally and may reassess at market value when you buy. Contact the Bethel Census Area Assessor to verify your assessed value and apply for any senior, veteran, or homeowner exemptions available under local ordinance. Request a copy of your assessment notice upon closing and note the appeal deadline—typically 30 days—to challenge any valuation you believe is incorrect.