Property Tax Mill Rate* for Urban Area Municipality of Anchorage 1975 to 1999
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1 16 Assessed $ (Billions) Taxable Property Municipality of Anchorage to Personal Real Source: Municipality of Anchorage, Comprehensive Annual Financial Report. (Updated 5/17/2000) Taxes #19 Property Tax Mill Rate* for Urban Area Municipality of Anchorage 1975 to City Source: Municipality of Anchorage, Department of Finance. *Mill $1,000 assessed value. Eg. $100,000 home X mills = $1,798 property tax. (Updated 4/20/2000) Government 2000 New #30
2 Top Twenty Anchorage Taxpayers Assessed Valuation (Millions of $) Hickel Investment Co. Carr-Gottstein Associates Galen Hospital Alaska, Inc. Calais Co, Inc. Atlantic Richfield Company Federal Express Corp. Cook Inlet Region, Inc. Hilton Hotels Corp. BP Exploration (Alaska), Inc. Seibu Alaska, Inc. Wal-Mart Stores, Inc. Alascom, Inc. First National Bank Fred Meyer of Alaska, Inc. Costco Wholesale Corp. Weidner, W. Dean National Bank of Alaska Dimond Center, Ltd. CGF Properties, Inc. Alaska Airlines, Inc. $74.6 $72.2 $64.2 $59.2 $56.9 $54.4 $54.4 $53.1 $48.8 $47.9 $44.0 $42.9 $42.7 $38.7 $35.9 $35.3 $31.8 $31.7 $92.5 $ $20.0 $40.0 $60.0 $80.0 $ Source: MOA Finance Department, Property Appraisal Division. (Revised 7/20/99) Government #117 Senior Property Tax Exemptions $ Value in Millions - Anchorage to 2000 $18 $16 $14 $12 $10 $8 Paid by MOA Paid by State $7 $8 $10 $11 $12 $14 $15 $15 $6 $4 $2 $2 $3 $3 $3 $4 $4 $5 $ Paid by MOA $1 $2 $2 $3 $3 $4 $4 $6 $8 $9 $11 $12 $14 $15 $15 Paid by State $2 $2 $1 $1 $1 $1 $1 $1 $1 $1 $1 Source: Municipality of Anchorage, Finance Department. (Updated 4/13/2000) Government #6
3 18 Alaska Property Tax Mill* Rates Major Communities Fairbanks Valdez Barrow Anchorage Homer Palmer Wasilla Cordova Ketchikan Soldotna Juneau Kenai Nome Unalaska Kodiak Seward Haines Bristol Bay Borough Petersburg Wrangell Yakutat Dillingham Craig Sitka $6.00 $6.00 $20.48 $20.00 $18.50 $18.16 $15.60 $15.50 $14.70 $14.00 $13.90 $12.90 $12.02 $12.00 $12.00 $11.78 $11.25 $11.22 $10.35 $10.25 $10.00 $9.00 $9.00 $8.00 Statewide Impact of Proposed 10 Mill Tax Cap.00 $5.00 $10.00 $15.00 $20.00 $25.00 Source: "Alaska Taxable 1999," by Department of Community and Regional Affairs, Office of the State Assessor, January *Mill rates is tax per $1,000 of assessed value. (Revised 2/4/00) Government #89 Wrangell Cordova Kodiak Kotzbue Petersburg Bethel Craig Dillingham Juneau Sitka Nome Homer Kenai Ketchikan Palmer Seward Soldotna Unalaska Wasilla Anchorage Barrow Fairbanks Valdez 0.0% 0.0% 0.0% 0.0% Alaska Sales Tax Rates Major Communities % 3.5% 3.5% 3.5% 3.0% 3.0% 3.0% 3.0% 4.0% 6.0% 6.0% 6.0% 6.0% 7.0% 0.0% 2.0% 4.0% 6.0% 8.0% Source: "Alaska Taxable 1999," by Department of Community and Regional Affairs, Office of the State Assessor, January *Tax is a combination of city and borough sales taxes. (Revised 2/2/00) Government #88
4 Estimated State & Local Taxes Anchorage & U. S. (Family of Four) Anchorage U.S. Average 19 $25,000 $50,000 $1,006 $2,026 $1,793 $4,274 Income $75,000 $100,000 $2,738 $3,404 $7,004 $9,442 $150, PFD* $4,733 $6,164 $14,376 $2,500 $5,000 $7,500 $10,000 $12,500 $15,000 $17,500 Source: Washington, D.C., Department of Finance & Revenue. (Updated 2/4/2000) *1998 Alaska Permanent Fund Dividend was $ X 4 person household = $ Government 2000 Final nlg #103 Bridgeport, CT New York, NY Chicago, IL Detroit, MI Honolulu, HI Boston, MA Washington, DC Minneapolis, MN Salt Lake City, UT Portland, OR Little Rock, AR Phoenix, AZ Los Angeles, CA Albuquerque, NM Seattle, WA Denver, CO Memphis, TN Houston, TX Las Vegas, NV Boise City, ID Anchorage, AK Estimated State & Local Taxes Family of Four Income $50,000 Income Property Sales Auto $5,296 $5,273 $5,019 $4,967 $4,892 $4,650 $4,524 $4,363 $4,281 $4,152 $3,915 $3,848 $3,637 $3,484 $3,407 $2,448 $2,434 $2,406 $2,079 $1,793 Source: Washington, D.C., Department of Finance & Revenue. (Updated 02/08/00) $10,585 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 Government 2000 Final nlg #106
5 20 ESTIMATED BURDEN OF MAJOR TAXES FOR A FAMILY OF FOUR $75,000 Annual Household Income TAXES BURDEN RANK CITY ST Income Property Sales Auto Amount Percent 1 Bridgeport CT 2,485 12,625 1,210 1,515 17, % 2 Newark NJ 1,058 8,687 1, , % 3 Portland ME 3,319 5,453 1, , % 4 New York City NY 5,699 2,473 1, , % 5 Philadelphia PA 4,466 3,307 1, , % 6 Milwaukee WI 3,925 3,301 1, , % 7 Baltimore MD 4,102 2, , % 8 Chicago IL 1,876 4,358 1, , % 9 Honolulu HI 4,518 2,141 1, , % 10 Minneapolis MN 3,117 3,117 1, , % 11 Boston MA 3,459 3, , % 12 Louisville KY 4,986 1,368 1, , % 13 Detroit MI 4,820 1,646 1, , % 14 WASHINGTON DC 4,729 1,462 1, , % 15 Des Moines IA 3,330 2,635 1, , % 16 Manchester NH - 6, , % 17 Atlanta GA 2,797 2,077 1, , % 18 Los Angeles CA 2,079 2,859 1, , % 19 Kansas City MO 3,065 1,831 1, , % 20 Boise City ID 3,771 1,815 1, , % 21 Columbus OH 3,735 1,961 1, , % 22 Salt Lake City UT 3,544 1,202 1, , % 23 Omaha NE 2,687 2,377 1, , % 24 Portland OR 4,741 2, , % 25 Columbia SC 3,288 1, ,089 7, % 26 Providence RI 2,303 3,188 1, , % 27 Virginia Beach VA 3,013 1,847 1, , % 28 Little Rock AR 2,967 1,694 1, , % 29 Charlotte NC 3,553 1,426 1, , % 30 Burlington VT 2,129 3,340 1, , % 31 Oklahoma city OK 3,364 1,301 1, , % 32 Birmingham AL 3, , , % 33 Charleston WV 3,230 1,323 1, , % 34 Albuquerque NM 2,569 2,027 1, , % 35 Wilmington DE 3,741 2, , % 36 Billings MT 3,610 1, , % 37 Wichita KS 2,697 1,472 1, , % 38 Phoenix AZ 1,528 2,578 1, , % 39 Jackson MS 2,305 1,016 1,468 1,342 6, % 40 Indianapolis IN 2,870 1,708 1, , % 41 New Orleans LA 1,875 1,721 1, , % 42 Fargo ND 1,241 2, , % 43 Denver CO 2,077 1,303 1, , % 44 Seattle WA - 2,992 1, , % 45 Sioux Falls SD - 3,013 1, , % 46 Jacksonville FL - 2,398 1, , % 47 Memphis TN 150 1,626 1, , % 48 Houston TX - 2,304 1, , % 49 Las Vegas NV - 1,750 1, , Cheyenne WY - 1,025 1, , % 51 Anchorage AK - 2, , % AVERAGE 1/ 3,056 2,644 1, , % MEDIAN 2,967 2,077 1, , % Source: Washington, D.C., Department of Finance & Revenue. (Updated4/17/2000)
6 State & Local Tax Comparison Four-persons households with $75,000 Income Los Angeles & Anchorage Property $2,859 40% Income $2,079 29% Property $2,492 91% Sales $1,539 21% Los Angeles Tax: $7,201 Auto $723 10% Auto $246 9% Anchorage Tax: $2,738 Government 2000 Final nlg #112 Estimated State & Local Taxes Family of Four Income $75,000 Bridgeport, CT New York, NY Honolulu, HI Chicago, IL Minneapolis, MN Boston, MA Washington, DC Detroit, MI Los Angeles, CA Boise City, ID Salt Lake City, UT Portland, OR Little Rock, AR Albuquerque, NM Phoenix, AZ Denver, CO Seattle, WA Memphis, TN Houston, TX Las Vegas, NV Anchorage, AK Income Property Sales Auto $10,073 $8,496 $8,213 $8,088 $8,002 $8,000 $7,953 $7,200 $7,194 $7,085 $7,075 $6,866 $6,302 $6,173 $5,426 $5,369 $3,970 $3,808 $3,731 $2,738 $17,835 $5,000 $10,000 $15,000 $20,000 Source: Washington, D.C., Department of Finance & Revenue. (Updated 02/08/00) Government 2000 Final nlg #107
7 22 State Revenue Sharing/Municipal Assistance Anchorage - FY 1970 to FY 1999 (In Millions $) $65 Municipal Assistance* $60 State Revenue Sharing $55 $62 $56 $57 $53 $50 $45 $40 $35 $46 $49 $42 $40 $38 $36 $33 $33 $30 $30 $27 $25 $20 $20 $23 $20 $19 $17 $15 $10 $5 $11 $10 $7 $8 $8 $6 $3 $3 $3 $4 $ Source: Municipality of Anchorage, Office of Budget & Management. Note: Beginning in FY98 Municipal Assistance funding was renamed Safe Communities funding. (Updated 1/11/2000) Government #52 Federal Funds for State Government Alaska (in $ Millions) - FY FY 2000 $2,000 $1,768 $1,500 $1,455 $1,000 $990 $1,022 $1,068 $ Source: State of Alaska, Governor s Office. (Updated 2/14/2000) Government 2000 Final nlg #131
8 Alaska Permanent Fund Dividends Annual Per Capita Payment $1,770 $1,500 $1,541 $1,297 $1,131 $1,000 $1,000 $827 $873 $953 $931 $916 $949 $984 $990 $708 $556 $500 $386 $331 $ Source: Alaska Permanent Fund Corporation. Note: To receive a dividend, persons who have been Alaska residents for at least a year, must file an application postmarked no later than March 31. (Updated 4/13/2000) Government #57 Alaska Permanent Fund Dividend Summary Total Applications Received %Population Receiving Dividends Year State Population Total Paid Applications Per Person Payments Total Amount Dispersed , , , % $1, $469,709, , , ,111 92% $ $176,513, , , ,270 92% $ $159,439, , , ,430 95% $ $209,445, , , ,238 97% $ $296,062, , , ,450 98% $ $374,951, , , ,142 97% $ $428,467, , , ,533 94% $ $443,157, , , ,571 90% $ $474,001, , , ,098 90% $ $476,937, , , ,623 89% $ $478,639, , , ,925 88% $ $501,243, , , ,572 89% $ $525,965, , , ,792 90% $ $536,536, , , ,003 90% $1, $617,354, , , ,714 91% $1, $719,208, , , ,072 92% $1, $870,708, , , ,629 92% $1, $1,008,152,189 Totals 9,741,370 9,385,882 $16, $8,766,493,689 Source: Alaska Department of Revenue, Permanent Fund Dividend Division. To receive a dividend, persons who have been Alaska residents for at least a year, must file an application postmarked no later than March 31. (Updated 4/12/00)
9 24 Permanent Fund Dividend Payments Alaska (in Millions of $) to 1999 $1,000 $1,008 $871 $800 $719 $600 $400 $470 $375 $428 $443 $474 $477 $479 $501 $526 $537 $617 $296 $200 $177 $159 $ Source: Alaska Department of Revenue, Permanent Fund Dividend Division. Government #110 Percentage of Voters by Age Alaska General Election * Years 60.9% Years 63.9% Years 73.9% Years 81.2% Years 81.2% Years 82.3% 75 & Older 74.9% ALL AGES 77.3% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% Source: Alaska Division of Elections. *1992 data is more reliable than current data, because beginning in 1993, a change in election laws has meant that voter rolls are not purged of non-residents on a regular basis. As a result, in 2000 the number of registered voters is higher than the number of residents in all age groups, except year olds. Government 2000 Final nlg #42
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