City and Borough of Juneau
CBJ Mill Rate
The CBJ has three overlapping taxing areas (Areawide, Roaded and Fire) plus a separate debt service mill levy. Property can be subject to taxation in one, two, or all three of these levies plus the debt service mill levy. Approximately 87.8% of taxable property is subject to the combined overlapping mill levy for the three taxing areas. A levy of one mill, assessed borough-wide, generates approximately $4.8 million in property tax revenues.
Understanding the mill rate: One mill is equal to one tenth of one percent (0.1%). In terms of dollars, one mill equals $1 per thousand dollars in taxable property value. The current mill rate is 10.66. That means that for every $1,000 in taxable property value, there is a tax of $10.66.
In 1995, the CBJ voters approved a 12-mill operational property tax levy restriction on taxable property. This means that the City Assembly cannot raise the mill rate above 12 mills ($12 for every $1,000 in taxable property value) to support general government operations. This restriction does not apply to tax levies for the debt service on general obligation bond . Debt service is the amount required to cover the repayment of interest and principal on voter-approved bonds and is in addition to the operational mill levy.
Applying the mill rate: This example assumes $300,000 in taxable property, located in all three operational areas (areawide, roaded, and fire service).
$300,000 (property value) = 300 (number of thousands) x $1,000
300 (number of thousands) x 10.66 (total mill rate) = $3,198 (annual property tax)
Of that $3,198 in property tax:
$2,808 per year or $234 per month helps support all aspects of local government including
schools, police, fire protection, roads and sidewalks, libraries, parks, recreational opportunities, public transportation, etc.
$390 per year or $32.50 per month pays for the voter-approved bonds