Matanuska-susitna County Property Taxes
The median property tax rate in Matanuska-Susitna is 1.21%, which is significantly higher than the national median of 0.99% but lower than the Alaska state median of 1.37%. With the median home value in Matanuska-Susitna at $277,600, the typical annual property tax bill reaches $2,908, slightly above the national median of $2,690. Property taxes in Matanuska-Susitna are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Matanuska-Susitna's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Palmer or another part of Matanuska-Susitna, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Matanuska-susitna County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$3,359
$3,117
Ownwell’s Matanuska-Susitna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Matanuska-Susitna with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Matanuska-Susitna to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Matanuska-susitna County, Alaska
Property taxes in Matanuska-Susitna play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Matanuska-Susitna is 1.21%, which is higher than the U.S. national median of 0.99%. Local government entities within Matanuska-Susitna set these rates annually, and they can vary significantly between different areas within the county. Each year, Matanuska-Susitna estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Matanuska-Susitna’s effective property tax rate with other areas and the national median. For comparison, the city of Willow has one of the higher property tax rates in Alaska at 1.48%, while the city of Palmer boasts one of the lowest at 1.10%. Analyzing how Matanuska-Susitna's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Matanuska-susitna County Tax Rate
1.21%
Average Alaska Tax Rate
1.37%
Average United States Tax Rate
0.99%
Property Tax Rates Across Matanuska-susitna County, Alaska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Lake | 1.12% | 1.12% | 1.12% | 1.13% | 1.32% |
| Chickaloon | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
| Houston | 1.14% | 1.14% | 1.14% | 1.14% | 1.25% |
| Palmer | 0.40% | 0.88% | 1.10% | 1.20% | 1.47% |
| Sutton | 0.88% | 0.88% | 1.21% | 1.62% | 1.62% |
| Talkeetna | 0.88% | 1.18% | 1.47% | 1.47% | 1.62% |
| Trapper Creek | 0.88% | 0.88% | 1.31% | 1.31% | 1.31% |
| Wasilla | 0.44% | 1.03% | 1.22% | 1.29% | 1.37% |
| Willow | 1.14% | 1.48% | 1.48% | 1.48% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Matanuska-susitna County, Alaska
In Matanuska-Susitna, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Matanuska-Susitna Appraisal District. The assessed value, however, 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. Assessment notices in Matanuska-Susitna are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Matanuska-Susitna will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Matanuska-Susitna, the highest median tax bill is found in Wasilla at $3,190, while the lowest is in Trapper Creek at $515. The national median property tax rate is 0.99%, providing a useful benchmark for comparison.
Property Tax Assessment Values Across Matanuska-susitna County, Alaska
Source: Ownwell
$18,900
$174,050
$329,200
Average Matanuska-susitna County Assessed Value
$277,600
Average Alaska Assessed Value
$289,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Matanuska-susitna County, Alaska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Lake | $38,750 | $51,600 | $91,350 | $240,475 | $328,150 |
| Chickaloon | $83,600 | $83,600 | $83,600 | $83,600 | $83,600 |
| Houston | $33,500 | $42,375 | $99,500 | $151,600 | $200,350 |
| Palmer | $56,500 | $190,200 | $304,450 | $407,750 | $527,130 |
| Sutton | $25,280 | $44,850 | $93,400 | $234,800 | $365,560 |
| Talkeetna | $23,660 | $42,650 | $80,800 | $230,100 | $340,020 |
| Trapper Creek | $12,050 | $29,100 | $50,000 | $142,400 | $247,750 |
| Wasilla | $52,900 | $184,375 | $294,250 | $396,725 | $517,020 |
| Willow | $23,980 | $51,800 | $133,700 | $281,400 | $449,420 |
Source: Ownwell
Property Tax Bills Across Matanuska-susitna County, Alaska
In Matanuska-Susitna County, AK, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For example, with a median home price of $277,600, the property tax bill can vary significantly. At the 25th percentile, homeowners can expect to pay around $991 annually, while those at the 75th percentile might pay approximately $4,367. The top 10% of property tax bills reach up to $5,856. Several factors influence these variations, including property location, improvements, and market conditions. Homeowners in cities like Wasilla face the highest median tax bills at $3,190, while those in Trapper Creek enjoy the lowest at $515. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Matanuska-susitna County Tax Bill
$2,908
Average Alaska Tax Bill
$3,874
Average United States Tax Bill
$2,690
Property Tax Bills Across Matanuska-susitna County, Alaska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Big Lake | $431 | $574 | $932 | $2,784 | $4,320 |
| Chickaloon | $1,014 | $1,014 | $1,014 | $1,014 | $1,014 |
| Houston | $379 | $398 | $738 | $1,529 | $1,863 |
| Palmer | $441 | $1,331 | $3,108 | $4,508 | $5,961 |
| Sutton | $251 | $462 | $909 | $2,389 | $4,254 |
| Talkeetna | $227 | $483 | $1,020 | $2,622 | $4,838 |
| Trapper Creek | $111 | $256 | $515 | $966 | $2,307 |
| Wasilla | $477 | $1,339 | $3,190 | $4,533 | $5,978 |
| Willow | $333 | $711 | $1,744 | $3,729 | $6,254 |
Source: Ownwell