Girdwood, Alaska Property Taxes
The median property tax rate in Girdwood, AK is 1.26%, which is higher than both the national median of 0.99% and the Alaska state median of 1.37%. With the median home value in Girdwood at $445,350, the typical annual property tax bill reaches $5,545, far exceeding the national median of $2,690. Property taxes in Girdwood are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Girdwood'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 Girdwood 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
Girdwood, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$5,611
$5,207
Ownwell’s Girdwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Girdwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Girdwood 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 Girdwood, Alaska
Property taxes in Girdwood, Alaska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Girdwood is 1.26%, higher than both the Alaska state median and the U.S. national median of 0.99%. Local government entities within Girdwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Girdwood 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 Girdwood's effective property tax rate to other counties in Alaska and the national median. For comparison, the zip code 99587 has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Girdwood 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 Girdwood Tax Rate
1.26%
Average Anchorage County Tax Rate
1.70%
Average Alaska Tax Rate
1.37%
Average United States Tax Rate
0.99%
Property Tax Rates Across Girdwood, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99587 | 1.26% | 1.26% | 1.26% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Girdwood, Alaska
In Girdwood, 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 Girdwood, 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 Girdwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 99587 has the highest and lowest median tax bill, both at $5545, which can be compared to the national median property tax rate of 0.99%.
Average Girdwood Assessed Value
$445,350
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 Girdwood, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99587 | $193,600 | $335,325 | $445,350 | $621,550 | $768,450 |
Source: Ownwell
Property Tax Bills Across Girdwood, Alaska
In Girdwood, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the Anchorage County assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Girdwood, the impact of property taxes can be significant. For instance, with a median home price of $445,350, property tax bills can vary widely. At the 25th percentile, tax bills are around $3,922, while at the 75th percentile, they rise to approximately $7,780. At the 90th percentile, homeowners may face tax bills as high as $9,678. Comparatively, the median property tax rate in Girdwood is higher than the national median of 0.99%, which can result in higher tax bills for homeowners. This variation in tax bills underscores the importance of understanding how property values and local tax rates influence overall tax obligations.
Average Girdwood Tax Bill
$5,545
Average Anchorage County Tax Bill
$5,656
Average Alaska Tax Bill
$3,874
Average United States Tax Bill
$2,690
Property Tax Bills Across Girdwood, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99587 | $2,424 | $3,922 | $5,545 | $7,780 | $9,678 |
Source: Ownwell