North Pole, Alaska Property Taxes
The median property tax rate in North Pole, AK is 1.33%, which is notably higher than the national median of 0.99% but slightly lower than the Alaska state median of 1.37%. With a median home value of $278,391 in North Pole, the typical annual property tax bill amounts to $3,679, surpassing the national median of $2,690. Property taxes in North Pole are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of North Pole's property tax system, investigating available exemptions, and identifying potential reductions can result in substantial annual savings. Whether you reside in the heart of North Pole or another part of Fairbanks North Star County, mastering the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
North Pole, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$3,703
Ownwell’s North Pole Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Pole with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Pole 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 North Pole, Alaska
Property taxes in North Pole, Alaska, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in North Pole is 1.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Pole set these rates annually, and they can vary across different neighborhoods. Each year, North Pole 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 North Pole's effective property tax rate to other areas in Alaska and the national median. For comparison, the zip code 99705 has both the highest and lowest median property tax rate of 1.33%. Understanding how these areas compare with North Pole provides valuable insights into the varying tax landscape across Fairbanks North Star, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Pole Tax Rate
1.33%
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 North Pole, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99705 | 1.15% | 1.23% | 1.33% | 1.40% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across North Pole, Alaska
In North Pole, 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 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 North Pole, 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 North Pole helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in North Pole is $278,391, with the highest and lowest median tax bills both being $3,679 in the 99705 zip code.
Average North Pole Assessed Value
$278,391
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 North Pole, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99705 | $63,153 | $201,634 | $278,391 | $338,850 | $405,713 |
Source: Ownwell
Property Tax Bills Across North Pole, Alaska
In North Pole, located in Fairbanks North Star County, AK, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors who evaluate the property’s worth. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $278,391, homeowners might see varying tax bills depending on their property's specific assessed value and applicable exemptions. Factors such as property size, location, and market conditions contribute to the assessed value. In North Pole, the 25th percentile tax bill is approximately $2,549, while the 75th percentile tax bill can reach up to $4,586, and the 90th percentile peaks at $5,552. These figures highlight the range of property tax burdens homeowners can face. Understanding these dynamics helps homeowners budget for their annual expenses and plan for potential fluctuations in their property tax bills. Compared to the national median property tax rate of 0.99%, North Pole's property tax rates reflect the unique economic conditions of the region.
Average North Pole Tax Bill
$3,679
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 North Pole, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99705 | $862 | $2,549 | $3,679 | $4,586 | $5,552 |
Source: Ownwell