Wasilla, Alaska Property Taxes
The median property tax rate in Wasilla, AK is 1.22%, which is higher than both the national median of 0.99% and the Alaska state median of 1.37%. With the median home value in Wasilla at $294,250, the typical annual property tax bill reaches $3,190, surpassing the national median of $2,690. Property taxes in Wasilla 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 Wasilla’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 Wasilla 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
Wasilla, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$3,590
Ownwell’s Wasilla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wasilla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wasilla 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 Wasilla, Alaska
Property taxes in Wasilla, Alaska, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wasilla stands at 1.22%, which is higher than the U.S. national median of 0.99%. Local government entities within Wasilla set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wasilla 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 Wasilla's effective property tax rate to other areas in Matanuska-Susitna Borough and the national median. For comparison, the 99687 zip code has the highest median property tax rate of 1.48%, while the 99652 zip code has the lowest median tax rate of 1.12%. Understanding how these areas compare with Wasilla provides valuable insights into the varying tax landscape across Matanuska-Susitna Borough, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wasilla Tax Rate
1.22%
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 Wasilla, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99623 | 0.54% | 1.14% | 1.29% | 1.32% | 1.37% |
| 99652 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
| 99654 | 0.39% | 1.03% | 1.21% | 1.22% | 1.24% |
| 99687 | 1.15% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Wasilla, Alaska
In Wasilla, 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 Wasilla, 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 Wasilla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 99654 at $3,442, while the lowest is 99687 at $2,002.
Average Wasilla Assessed Value
$294,250
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 Wasilla, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99623 | $37,100 | $96,500 | $258,000 | $350,675 | $462,860 |
| 99652 | $194,560 | $195,250 | $196,400 | $261,750 | $300,960 |
| 99654 | $128,540 | $245,800 | $329,200 | $439,875 | $553,520 |
| 99687 | $18,000 | $49,800 | $153,300 | $254,500 | $339,700 |
Source: Ownwell
Property Tax Bills Across Wasilla, Alaska
In Wasilla, located in Matanuska-Susitna County, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the home's size, location, and market conditions play a significant role in the assessed value. For example, the median home price in Wasilla is $294,250. Homeowners in Wasilla see a range of property tax bills, with the 25th percentile paying around $1,339 annually, while those in the 75th percentile pay approximately $4,533. The highest median tax bill in the area is $3,442 in the 99654 zip code, whereas the lowest is $2,002 in the 99687 zip code. These tax bills can significantly impact homeowners, influencing decisions about buying, selling, or renovating properties. When compared to the national median property tax rate of 0.99%, Wasilla's property taxes reflect the local economic conditions and public service funding needs.
Average Wasilla Tax Bill
$3,190
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 Wasilla, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99623 | $386 | $908 | $2,842 | $4,257 | $5,658 |
| 99652 | $2,189 | $2,196 | $2,209 | $2,944 | $3,386 |
| 99654 | $680 | $2,036 | $3,442 | $4,813 | $6,234 |
| 99687 | $266 | $698 | $2,002 | $3,609 | $4,302 |
Source: Ownwell