Property Tax Rates Across Kenai Peninsula County, Alaska

Property taxes in Kenai Peninsula play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Kenai Peninsula is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Kenai Peninsula set these rates annually, and they can vary significantly between different areas within the county. Each year, Kenai Peninsula 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 Kenai Peninsula's effective property tax rate with other regions and the national median. For comparison, the city of Homer has one of the higher property tax rates in Alaska at 1.01%, while the city of Cooper Landing boasts one of the lowest at 0.57%. Analyzing how Kenai Peninsula's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.

Property Tax Rates Across Kenai Peninsula County, Alaska

Source: Ownwell

0.00%

0.54%

1.08%

Average Kenai Peninsula County Tax Rate

0.87%

Average Alaska Tax Rate

1.37%

Average United States Tax Rate

0.99%

Property Tax Bills Across Kenai Peninsula County, Alaska

Property tax bills in Kenai Peninsula, AK, are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in this county experience a range of property tax bills depending on various factors such as property location, size, and market conditions. For instance, the median home price in Kenai Peninsula is $187,000. The tax bill for the 25th percentile is $298, while it rises significantly to $2,151 at the 75th percentile, and reaches $3,330 at the 90th percentile. The highest median tax bill in the county is found in Homer at $1,696, compared to the lowest in Moose Pass at $537. These figures highlight the variability in property tax burdens within the county. Compared to the national median property tax rate of 0.99%, Kenai Peninsula exhibits a diverse range of tax bills that directly impact homeowners' financial planning and overall housing affordability.

Property Tax Bills Across Kenai Peninsula County, Alaska

Source: Ownwell

$0

$848

$1,696

Average Kenai Peninsula County Tax Bill

$1,110

Average Alaska Tax Bill

$3,874

Average United States Tax Bill

$2,690