Chickaloon, Alaska Property Taxes
The median property tax rate in Chickaloon, AK is 1.21%, slightly higher than the national median of 0.99% but lower than the Alaska state median of 1.37%. With the median home value in Chickaloon at $83,600, the typical annual property tax bill amounts to $1,014, which is below the national median of $2,690. Property taxes in Chickaloon are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Chickaloon'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 Chickaloon or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chickaloon, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,012
$939
Ownwell’s Chickaloon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chickaloon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chickaloon 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 Chickaloon, Alaska
Property taxes in Chickaloon, Alaska, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chickaloon is 1.21%, significantly higher than the U.S. national median of 0.99%. Local government entities within Chickaloon set these rates annually, and they can vary across different neighborhoods. Each year, Chickaloon 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 Chickaloon's effective property tax rate to other areas in Matanuska-Susitna County and the national median. For comparison, the ZIP code 99674 has both the highest and lowest median property tax rate of 1.21%. Understanding how these areas compare with Chickaloon provides valuable insights into the varying tax landscape across Matanuska-Susitna County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chickaloon Tax Rate
1.21%
Average Matanuska-susitna County Tax Rate
1.21%
Average Alaska Tax Rate
1.37%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chickaloon, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99674 | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Chickaloon, Alaska
In Chickaloon, 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 Matanuska-Susitna 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 Chickaloon, 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 Chickaloon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,014, specifically in the 99674 zip code.
Average Chickaloon Assessed Value
$83,600
Average Matanuska-susitna County Assessed Value
$277,600
Average Alaska Assessed Value
$289,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chickaloon, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99674 | $83,600 | $83,600 | $83,600 | $83,600 | $83,600 |
Source: Ownwell
Property Tax Bills Across Chickaloon, Alaska
In Chickaloon, located in Matanuska-Susitna County, property tax bills are calculated based on the assessed value of a home. The median home price in this region is $83,600. The property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Chickaloon typically see a median property tax bill of $1,014, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the home's market value, improvements, and comparable sales in the area. These assessments are conducted periodically to ensure they reflect current market conditions. For homeowners, this means that any increase in their property's assessed value can lead to a higher tax bill, impacting their annual financial planning. Conversely, a decrease in property value can offer some relief. Understanding how these factors interplay helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Chickaloon Tax Bill
$1,014
Average Matanuska-susitna County Tax Bill
$2,908
Average Alaska Tax Bill
$3,874
Average United States Tax Bill
$2,690
Property Tax Bills Across Chickaloon, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99674 | $1,014 | $1,014 | $1,014 | $1,014 | $1,014 |
Source: Ownwell