Salcha, Alaska Property Taxes
The median property tax rate in Salcha, AK is 1.26%, slightly higher than the national median of 0.99% but lower than the Alaska state median of 1.37%. With the median home value in Salcha at $142,391, the typical annual property tax bill reaches $1,764, which is below the national median of $2,690. Property taxes in Salcha are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Salcha'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 Salcha or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Salcha, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,794
Ownwell’s Salcha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Salcha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Salcha 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 Salcha, Alaska
Property taxes in Salcha, Alaska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Salcha is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Salcha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Salcha 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 Salcha's effective property tax rate to other regions in Alaska and the national median. For comparison, the zip code 99714 has both the highest and lowest median property tax rate of 1.26%. Understanding how these areas compare with Salcha provides valuable insights into the varying tax landscape across Fairbanks North Star County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Salcha Tax Rate
1.26%
Average Fairbanks North Star County Tax Rate
1.40%
Average Alaska Tax Rate
1.37%
Average United States Tax Rate
0.99%
Property Tax Rates Across Salcha, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99714 | 0.99% | 1.26% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Salcha, Alaska
In Salcha, 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 Fairbanks North Star Borough Assessor's Office 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 Salcha, 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 Salcha helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,764, found in zip code 99714.
Average Salcha Assessed Value
$142,391
Average Fairbanks North Star County Assessed Value
$255,766
Average Alaska Assessed Value
$289,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Salcha, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99714 | $29,221 | $55,186 | $142,391 | $230,088 | $306,630 |
Source: Ownwell
Property Tax Bills Across Salcha, Alaska
In Salcha, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Salcha is $142,391, and the property tax rate in Fairbanks North Star County is applied to this assessed value to determine the annual tax bill. Homeowners in Salcha can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $707 and the 75th percentile tax bill reaching $2,676. For those at the higher end of the spectrum, the 90th percentile tax bill can be as much as $3,795. These tax bills are influenced by several factors, including changes in property values, local government budgets, and specific exemptions or deductions that may apply. Compared to the national median property tax rate of 0.99%, Salcha's property tax bills reflect the unique dynamics of the local housing market and government funding requirements. This can affect homeowners by impacting their annual housing costs and potentially influencing their decisions about buying or selling property in the area.
Average Salcha Tax Bill
$1,764
Average Fairbanks North Star County Tax Bill
$3,655
Average Alaska Tax Bill
$3,874
Average United States Tax Bill
$2,690
Property Tax Bills Across Salcha, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99714 | $370 | $707 | $1,764 | $2,676 | $3,795 |
Source: Ownwell