Houston, Alaska Property Taxes
The median property tax rate in Houston, AK is 1.14%, which is higher than the national median of 0.99% but lower than the Alaska state median of 1.37%. With a median home value of $99,500 in Houston, the typical annual property tax bill comes to about $738, significantly below the national median of $2,690. Property taxes in Houston are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Houston'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 Houston 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
Houston, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,134
$1,053
Ownwell’s Houston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Houston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Houston 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 Houston, Alaska
Property taxes in Houston, Alaska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Houston is 1.14%, significantly higher than the U.S. national median of 0.99%. Local government entities within Houston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houston 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 Houston's effective property tax rate to other regions in Alaska and the national median. For comparison, the 99623 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with Houston provides valuable insights into the varying tax landscape across Matanuska-Susitna, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Houston Tax Rate
1.14%
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 Houston, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99623 | 1.14% | 1.14% | 1.14% | 1.14% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Houston, Alaska
In Houston, 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 Matanuska-Susitna Borough 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 Houston, 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 Houston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Houston is $99,500, with tax bills ranging from $398 at the 25th percentile to $1,863 at the 90th percentile. The highest and lowest median tax bills are both $738, found in the 99623 zip code.
Average Houston Assessed Value
$99,500
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 Houston, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99623 | $33,500 | $42,375 | $99,500 | $151,600 | $200,350 |
Source: Ownwell
Property Tax Bills Across Houston, Alaska
In Houston, located in Matanuska-Susitna County, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $99,500. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors considered in this calculation include the property's market value, any applicable exemptions, and the specific tax rate set by local taxing authorities. For homeowners, the impact of property taxes can vary widely. The 25th percentile tax bill in Houston is around $398, while the 75th percentile reaches up to $1,529. At the 90th percentile, homeowners may pay as much as $1,863 annually. The highest and lowest median tax bills in the area are both $738, indicating a relatively consistent tax burden within certain zip codes. Compared to the national median property tax rate of 0.99%, Houston's property taxes can be considered moderate. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly.
Average Houston Tax Bill
$738
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 Houston, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99623 | $379 | $398 | $738 | $1,529 | $1,863 |
Source: Ownwell