Trapper Creek, Alaska Property Taxes
The median property tax rate in Trapper Creek, AK is 1.31%, 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 Trapper Creek at $50,000, the typical annual property tax bill amounts to $515, which is significantly below the national median of $2,690. Property taxes in Trapper Creek are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Trapper Creek'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 Trapper Creek or another part of Matanuska-Susitna County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Trapper Creek, 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 Trapper Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trapper Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trapper Creek 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 Trapper Creek, Alaska
Property taxes in Trapper Creek, Alaska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trapper Creek is 1.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Trapper Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trapper Creek 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 Trapper Creek's effective property tax rate to other areas in Alaska and the national median. For comparison, the 99683 zip code has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these areas compare with Trapper Creek 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 Trapper Creek Tax Rate
1.31%
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 Trapper Creek, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99683 | 0.88% | 0.88% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Trapper Creek, Alaska
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Trapper Creek, 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 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 Trapper Creek, 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. For instance, the median home price in Trapper Creek is $50,000, with tax bills ranging from $256 at the 25th percentile to $2,307 at the 90th percentile. The zip code 99683 has the highest and lowest median tax bill at $515. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Trapper Creek Assessed Value
$50,000
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 Trapper Creek, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99683 | $12,050 | $29,100 | $50,000 | $142,400 | $247,750 |
Source: Ownwell
Property Tax Bills Across Trapper Creek, Alaska
In Trapper Creek, located in Matanuska-Susitna County, AK, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $50,000. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies within the county. For instance, homeowners in the zip code 99683 see a median tax bill of $515.00. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and applicable exemptions. The tax bill can range significantly, with the 25th percentile at $256 and the 75th percentile at $966, while the 90th percentile reaches up to $2,307. These taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding these factors is crucial as they directly impact annual financial planning. Compared to the national median property tax rate of 0.99%, homeowners in Trapper Creek experience a relatively varied range of tax obligations.
Average Trapper Creek Tax Bill
$515
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 Trapper Creek, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99683 | $111 | $256 | $515 | $966 | $2,307 |
Source: Ownwell