Property taxes remained the primary source of revenue for local governments in Alaska. For 2014, 80.7% of the $1.666 billion dollars in total revenues collected by boroughs and cities consisted of property taxes. This statistic includes property taxes on oil and gas properties that are assessed by the state and reimbursed to municipalities. Sales and other taxes accounted for 13.7% and 5.6%, respectively, of total local revenues.
Real property values within the Anchorage, Matanuska-Susitna, Fairbanks, and Kenai Peninsula Boroughs increased by just under $1.9 billion, Oil & gas valuations for 2014 decreased by $1.25 billion.
All Boroughs. Taxes levied by a city within a borough must be collected by a borough and returned in full to the city levying the tax. This provision applies to HOME RULE and general law municipalities.


Ron Brown State Assessor and Wendy Lawrence Assistant State Assessor