Buying a home in Alaska

Property taxes, transfer taxes, home values and first-time buyer help in Alaska.

Effective property tax rate

1.11%

Median tax $3,901 ÷ median value $352,900 (ACS 2020–2024)

Typical home value

$398,663

Zillow ZHVI, 2026-08

State transfer tax

0.0%

Usually paid by: none. No transfer-tax statute exists; recording governed by AS 40.17 (Uniform Recording Act); recording fees set under AS 40.17.030 / DNR Recorder's Office fee schedule. Official source. Local taxes may add more.

Estimated buyer closing costs Estimate

$3,000–$4,800

On a $398,663 home: typical lender fees + title insurance + deed recording (TallyClose) + the buyer’s share of transfer/recording taxes. Excludes prepaids, escrow and local taxes.

At Alaska's effective rate of 1.11%, a typical $398,663 home would owe about $4,425/year ($369/month) in property taxes. Actual bills depend on your county, city and exemptions. Run your numbers.

First-time homebuyer programs

Alaska Housing Finance Corporation

Your state housing finance agency offers down payment assistance and low-rate mortgages for eligible buyers. Visit Alaska Housing Finance Corporation →

Sources: U.S. Census Bureau ACS 2020–2024 5-year (B25103, B25077); Zillow Home Value Index; TallyClose closing-cost dataset (CC BY 4.0), which cites each state statute; NCSHA HFA directory. Last updated 2026-10-15.