Ouzinkie, Alaska Property Taxes
The median property tax rate in Ouzinkie, AK is 1.03%, slightly higher than the national median of 0.99% but lower than the Alaska state median of 1.37%. With a median home value of $55,500 in Ouzinkie, the typical annual property tax bill is $554, which is significantly below the national median of $2,690. Property taxes in Ouzinkie are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences. Understanding Ouzinkie'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 Ouzinkie or another part of Kodiak Island, grasping the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Ouzinkie, 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 Ouzinkie Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ouzinkie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ouzinkie to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Kodiak Island County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ouzinkie, Alaska
Property taxes in Ouzinkie, Alaska, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Ouzinkie is 1.03%, which is higher than the U.S. national median of 0.99%. Local government entities within Ouzinkie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ouzinkie 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 Ouzinkie's effective property tax rate to other areas in Alaska and the national median. For comparison, the 99644 zip code has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these areas compare with Ouzinkie provides valuable insights into the varying tax landscape across Kodiak Island Borough, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ouzinkie Tax Rate
1.03%
Average Kodiak Island County Tax Rate
1.22%
Average Alaska Tax Rate
1.37%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ouzinkie, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99644 | 1.02% | 1.02% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Ouzinkie, Alaska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ouzinkie, Alaska. 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 Kodiak Island 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. Assessment notices in Ouzinkie 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. For instance, the median home price in Ouzinkie is $55,500, with the 25th percentile tax bill at $472 and the 75th percentile at $638. Interestingly, both the highest and lowest median tax bills are $554, occurring in the zip code 99644. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ouzinkie Assessed Value
$55,500
Average Kodiak Island County Assessed Value
$309,800
Average Alaska Assessed Value
$289,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ouzinkie, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99644 | $37,290 | $44,675 | $55,500 | $69,925 | $100,830 |
Source: Ownwell
Property Tax Bills Across Ouzinkie, Alaska
In Ouzinkie, located in Kodiak Island, AK, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this region is $55,500, and property taxes are determined by applying the local tax rate to this assessed value. Various factors influence the assessed value, including property size, location, and condition. For homeowners in Ouzinkie, the tax bill can vary significantly. The 25th percentile tax bill is $472, while the 75th percentile tax bill is $638, and the 90th percentile tax bill reaches $834. Notably, the highest and lowest median tax bills in the area are both $554, indicating a relatively narrow range in tax obligations for most residents. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, the tax rate in Ouzinkie provides a balanced approach, ensuring that homeowners contribute fairly to the community while maintaining manageable tax bills.
Average Ouzinkie Tax Bill
$554
Average Kodiak Island County Tax Bill
$3,451
Average Alaska Tax Bill
$3,874
Average United States Tax Bill
$2,690
Property Tax Bills Across Ouzinkie, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99644 | $350 | $472 | $554 | $638 | $834 |
Source: Ownwell