North Slope County Property Taxes
The median property tax rate in North Slope is 1.80%, which is significantly higher than both the national median of 0.99% and the Alaska state median of 1.37%. With the median home value in North Slope at $130,000, the typical annual property tax bill reaches $2,211, which is below the national median of $2,690. Property taxes in North Slope 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 North Slope's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Barrow or another part of North Slope, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Slope County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$2,340
Ownwell’s North Slope Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in North Slope with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in North Slope 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 North Slope County, Alaska
Property taxes in North Slope play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in North Slope is 1.80%, which is higher than the U.S. national median of 0.99%. Local government entities within North Slope set these rates annually, and they can vary significantly between different areas within the county. Each year, North Slope 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. For comparison, the city of Atqasuk has one of the higher property tax rates in the region at 1.80%, while the city of Point Hope boasts one of the lowest at 0.70%. Analyzing how North Slope's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average North Slope County Tax Rate
1.80%
Average Alaska Tax Rate
1.37%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Slope County, Alaska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anaktuvuk Pass | 0.47% | 0.67% | 1.24% | 1.80% | 1.80% |
| Atqasuk | 0.52% | 0.80% | 1.80% | 1.80% | 1.80% |
| Barrow | 1.00% | 1.22% | 1.80% | 1.80% | 1.80% |
| Kaktovik | 0.33% | 0.63% | 1.80% | 1.80% | 1.80% |
| Nuiqsut | 0.55% | 0.64% | 0.92% | 1.80% | 1.80% |
| Point Hope | 0.41% | 0.66% | 0.70% | 0.98% | 1.80% |
| Point Lay | 0.40% | 0.65% | 1.80% | 1.80% | 1.80% |
| Wainwright | 0.36% | 0.59% | 1.35% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across North Slope County, Alaska
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in North Slope. 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 North Slope 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 North Slope 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 North Slope will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, Barrow has the highest median tax bill at $2,987, while Point Lay has the lowest at $892.
Property Tax Assessment Values Across North Slope County, Alaska
Source: Ownwell
$91,700
$146,750
$201,800
Average North Slope County Assessed Value
$130,000
Average Alaska Assessed Value
$289,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Slope County, Alaska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anaktuvuk Pass | $43,560 | $64,200 | $92,400 | $122,400 | $139,120 |
| Atqasuk | $81,240 | $85,050 | $116,500 | $136,950 | $176,960 |
| Barrow | $74,860 | $131,500 | $201,800 | $271,700 | $358,640 |
| Kaktovik | $58,680 | $75,800 | $100,300 | $125,800 | $156,380 |
| Nuiqsut | $73,570 | $93,275 | $109,150 | $124,975 | $143,240 |
| Point Hope | $52,740 | $80,150 | $95,800 | $118,500 | $136,000 |
| Point Lay | $48,920 | $63,600 | $94,900 | $120,000 | $157,720 |
| Wainwright | $45,400 | $61,250 | $91,700 | $113,800 | $128,260 |
Source: Ownwell
Property Tax Bills Across North Slope County, Alaska
In North Slope, AK, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. These values are a percentage of the market value and are used to calculate the property tax owed. The tax rate in North Slope is influenced by local government budgets and the needs of public services such as schools and infrastructure. Homeowners in North Slope experience a range of tax bills. For instance, the 25th percentile tax bill is $1,162, while the 75th percentile reaches $3,558, and the 90th percentile climbs to $5,317. These figures reflect the variability in property values and the corresponding tax obligations. The city of Barrow has the highest median tax bill at $2,987, whereas Point Lay has the lowest at $892. Compared to the national median property tax rate of 0.99%, North Slope's rates can significantly impact homeowners, with higher-valued properties incurring notably higher tax bills. This system ensures that property taxes are proportionate to property values, funding essential community services.
Average North Slope County Tax Bill
$2,211
Average Alaska Tax Bill
$3,874
Average United States Tax Bill
$2,690
Property Tax Bills Across North Slope County, Alaska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Anaktuvuk Pass | $398 | $695 | $969 | $1,328 | $1,625 |
| Atqasuk | $310 | $898 | $1,520 | $1,984 | $2,460 |
| Barrow | $1,031 | $2,041 | $2,987 | $4,403 | $6,060 |
| Kaktovik | $311 | $658 | $1,216 | $1,739 | $2,237 |
| Nuiqsut | $592 | $738 | $1,036 | $2,007 | $2,247 |
| Point Hope | $402 | $780 | $903 | $1,540 | $2,105 |
| Point Lay | $388 | $737 | $892 | $1,437 | $1,828 |
| Wainwright | $332 | $641 | $1,009 | $1,678 | $1,971 |
Source: Ownwell