Bird Creek, Alaska Property Taxes
The median property tax rate in Bird Creek, AK is 0.74%, considerably lower than both the national median of 0.99% and the Alaska state median of 1.37%. With the median home value in Bird Creek, the typical annual property tax bill reaches $3,437, surpassing the national median of $2,690. Property taxes in Bird Creek are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bird Creek's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bird Creek or another part of Anchorage, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bird Creek, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$3,432
Ownwell’s Bird Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bird Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bird Creek to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bird Creek, Alaska
Property taxes in Bird Creek, Alaska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bird Creek is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Bird Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bird Creek estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Bird Creek's effective property tax rate to other counties in Alaska and the national median. For comparison, the zip code 99540 has both the highest and lowest median property tax rate of 0.74%. Understanding how these figures compare with Bird Creek provides valuable insights into the varying tax landscape across Anchorage, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bird Creek Tax Rate
0.74%
Average Anchorage County Tax Rate
1.70%
Average Alaska Tax Rate
1.37%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bird Creek, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99540 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Bird Creek, Alaska
In Bird Creek, Alaska, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Anchorage County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Bird Creek, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Bird Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bird Creek is $463,850, with tax bills ranging from $2,554 at the 25th percentile to $5,862 at the 90th percentile. The highest and lowest median tax bills are both $3,437 in zip code 99540.
Average Bird Creek Assessed Value
$463,850
Average Anchorage County Assessed Value
$340,300
Average Alaska Assessed Value
$289,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bird Creek, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99540 | $179,440 | $344,675 | $463,850 | $541,375 | $793,470 |
Source: Ownwell
Property Tax Bills Across Bird Creek, Alaska
In Bird Creek, located in Anchorage County, AK, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property improvements, neighborhood developments, and market conditions can influence the assessed value. For instance, with a median home price of $463,850, homeowners in Bird Creek can expect varying tax bills. The tax bill at the 25th percentile is around $2,554, while at the 75th percentile, it rises to approximately $3,957. The tax bill at the 90th percentile reaches about $5,862. These tax rates and bills are crucial for homeowners as they directly impact annual financial planning and the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, the tax obligations in Bird Creek reflect the local economic conditions and public service funding needs.
Average Bird Creek Tax Bill
$3,437
Average Anchorage County Tax Bill
$5,656
Average Alaska Tax Bill
$3,874
Average United States Tax Bill
$2,690
Property Tax Bills Across Bird Creek, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99540 | $1,330 | $2,554 | $3,437 | $3,957 | $5,862 |
Source: Ownwell