Every year, the majority of Oceanview homeowners pay approximately 1.5% of their home’s value to the Municipality of Anchorage in the form of a Municipal Real Property Tax payment. The actual amount changes annually, depending on three factors: 1. The current year’s municipal assessed home value, 2. The current year’s mill rate ($ fee per $1,000 assessed value), and 3. The current year’s approved municipal homeowner exemptions. Click on the links at the end of this article for more information on these items.
All homeowners pay property taxes unless their exemptions exceed their assessed value. The reason I say “the majority of Oceanview homeowners pay approximately 1.5%” is that a minority of homeowners receive senior citizen or disabled veteran exemptions, which significantly lower their annual property tax bill. Their bill may be less than 1% of their home’s value. The majority of us receive residential exemptions, but that currently amounts to a 2016 tax reduction of $297.80 in Tax District 3 where we live. Be sure to check out the links at the end of this article to view the various municipal property tax exemptions for which you may quality.
Mill rates are generally determined by May 15 of each year. The Muni actually did it by April 28th this year. The 2016 mill rate for Oceanview homeowners is $14.89 per $1,000 assessed valuation, up 19 cents or 1.29% over last year. This is the mill rate for tax district #3, which includes Oceanview, along with the majority of Anchorage. The 2015 mill rate was actually down 28 cents from 2014. With that said, the majority of Oceanview homeowners paid more property taxes in 2015, since average assessed values increased more than the District 3 mill rate decrease of 1.87%. A quick survey on my part shows 2016 Oceanview neighborhood assessed property value increases over 2015 ranging in the 2% to 5% range. As a result, our 2016 property tax bills are up over 2015 as well. Although you have yet to receive your property tax bill in the mail, 2016 property tax bill amounts are now available online. Just go to http://www.muni.org/pw/public.html Enter your name or address, click on “submit search”. Click on the “Tax ID Number” for your property, then click on the “Taxes” tab once you’re on the property information page. You’ll see your 2016 tax amounts and due dates midway down the page. If you have a mortgage on your home, your lender almost always makes the payments from your reserve account. If you own your home free and clear, you’ll have to make the appropriate payments by the dates specified. Payments can be made by check, money order, cashier check, travelers check, electronic check or credit card. The credit card option incurs an additional fee of approximately 2.55%.
The chart below shows 2016 mill rates by Anchorage tax district. The 2015, 2014, 2013 and 2012 mill rate charts are below that for comparison. A tax district map is for reference below the rate charts. Be aware that mill rates vary from district to district depending upon Municipal services offered in each district.
2016 Anchorage Property Tax District Mill Rate Chart
2015 Anchorage Property Tax District Mill Rate Chart
2014 Anchorage Property Tax District Mill Rate Chart
2013 Anchorage Property Tax District Mill Rate Chart
2012 Anchorage Property Tax District Mill Rate Chart
The map below shows most of the 57 tax districts in the Municipality of Anchorage. Although it’s dated 2010, the map is the latest version posted on the Municipal website.
The links below are to previous posts regarding various aspects of MOA Real Property Taxes.
Click here for: Municipal Property Tax Important Dates and Information.
Click here for: March 15th: Residential Property Tax Exemption Application Deadline.
Click here for: Have You Taken Advantage Of The Municipal Property Tax Residential Exemption?
Click here for: Are You Taking Advantage Of All Property Tax Exemptions For Which You Are Qualified And Entitled?
Click on http://www.muni.org/Pages/PropertyInformation.aspx to go to the Municipal property tax information website.