My tax for a 3000 sq ft home is almost $9,000. It has made it necessary to list it for sale and move to an area in the lower forty eight where taxes are much lower. I would not be surprised if the Alaska economy starts to collapse because of the lack of government revenues and cuts which will result in jobs loss, and more of us who cannot afford to live in Anchorage. The net affect will be a big reduction in the value of residential properties.