Moose Pass, Alaska Property Taxes
The median property tax rate in Moose Pass, AK is 0.57%, significantly lower than both the national median of 0.99% and the Alaska state median of 1.37%. With a median home value of $116,300 in Moose Pass, the typical annual property tax bill is $537, well below the national median of $2,690. Property taxes in Moose Pass are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Moose Pass's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Moose Pass or another part of the Kenai Peninsula County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moose Pass, Alaska Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$2,740
Ownwell’s Moose Pass Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moose Pass with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moose Pass 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 Moose Pass, Alaska
Property taxes in Moose Pass, Alaska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moose Pass is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within Moose Pass set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moose Pass 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 Moose Pass's effective property tax rate to other counties in Alaska and the national median. For comparison, the 99631 zip code 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 Moose Pass 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 Moose Pass 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 Moose Pass, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99631 | 0.12% | 0.57% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Moose Pass, Alaska
In Moose Pass, 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 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 Moose Pass, 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 Moose Pass helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill in Moose Pass is $537, with the same value recorded for both the highest and lowest median tax bills in the 99631 zip code.
Average Moose Pass Assessed Value
$116,300
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 Moose Pass, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99631 | $36,910 | $55,525 | $116,300 | $224,025 | $304,250 |
Source: Ownwell
Property Tax Bills Across Moose Pass, Alaska
In Moose Pass, located in Kenai Peninsula County, AK, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Moose Pass is $116,300, and property taxes are determined by multiplying this assessed value by the local tax rate. Factors such as the property's location, size, and improvements can influence its assessed value. For homeowners, understanding these calculations is crucial. The tax bill can vary significantly, with the 25th percentile at $250 and the 75th percentile at $1,130, indicating a wide range of possible tax obligations. At the 90th percentile, the tax bill can go up to $1,581. This variability can impact homeowners' financial planning and budgeting. Compared to the national median property tax rate of 0.99%, Moose Pass offers a unique landscape for property taxes, with localized factors playing a significant role in determining the final bill.
Average Moose Pass Tax Bill
$537
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 Moose Pass, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99631 | $116 | $250 | $537 | $1,130 | $1,581 |
Source: Ownwell