Cooper Landing, Alaska Property Taxes
The median property tax rate in Cooper Landing, AK is 0.57%, significantly lower than both the national median of 0.99% and the Alaska state median of 1.37%. With the median home value in Cooper Landing at $319,600, the typical annual property tax bill reaches $1,486, which is well below the national median of $2,690. Property taxes in Cooper Landing are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cooper Landing'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 Cooper Landing 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
Cooper Landing, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$1,822
$1,691
Ownwell’s Cooper Landing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cooper Landing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cooper Landing 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 Cooper Landing, Alaska
Property taxes in Cooper Landing, Alaska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cooper Landing is 0.57%, lower than both the Alaska state median and the U.S. national median of 0.99%. Local government entities within Cooper Landing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cooper Landing 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 Cooper Landing's effective property tax rate to other counties in Alaska and the national median. For comparison, the zip code 99572 has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these areas compare with Cooper Landing provides valuable insights into the varying tax landscape across Kenai Peninsula, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cooper Landing Tax Rate
0.57%
Average Kenai Peninsula County Tax Rate
0.87%
Average Alaska Tax Rate
1.37%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cooper Landing, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99572 | 0.11% | 0.54% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Cooper Landing, Alaska
In Cooper Landing, 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 Kenai Peninsula County Assessor 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 Cooper Landing, 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 Cooper Landing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cooper Landing are both $1,486, associated with the zip code 99572.
Average Cooper Landing Assessed Value
$319,600
Average Kenai Peninsula County Assessed Value
$187,000
Average Alaska Assessed Value
$289,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cooper Landing, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99572 | $113,960 | $187,150 | $319,600 | $453,700 | $587,660 |
Source: Ownwell
Property Tax Bills Across Cooper Landing, Alaska
In Cooper Landing, located in Kenai Peninsula County, AK, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Cooper Landing, the median home price is $319,600. The property tax bill varies significantly, with the 25th percentile tax bill at $724 and the 75th percentile reaching $2,291. At the 90th percentile, homeowners could see bills as high as $3,051. The highest median tax bill in the area is $1,486, which is consistent across the zip code 99572. Considering the national median property tax rate is 0.99%, Cooper Landing's property tax rates can be seen as relatively moderate. This variance in tax bills affects homeowners differently, depending on their property's assessed value and the specific tax rate applied.
Average Cooper Landing Tax Bill
$1,486
Average Kenai Peninsula County Tax Bill
$1,110
Average Alaska Tax Bill
$3,874
Average United States Tax Bill
$2,690
Property Tax Bills Across Cooper Landing, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99572 | $294 | $724 | $1,486 | $2,291 | $3,051 |
Source: Ownwell