Anaktuvuk Pass, Alaska Property Taxes
The median property tax rate in Anaktuvuk Pass, AK is 1.24%, 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 Anaktuvuk Pass at $92,400, the typical annual property tax bill amounts to $969, which is below the national median of $2,690. Property taxes in Anaktuvuk 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 Anaktuvuk Pass'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 Anaktuvuk Pass or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Anaktuvuk Pass, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,146
$1,063
Ownwell’s Anaktuvuk Pass Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anaktuvuk Pass with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anaktuvuk 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 Anaktuvuk Pass, Alaska
Property taxes in Anaktuvuk Pass, Alaska, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Anaktuvuk Pass is 1.24%, significantly higher than the U.S. national median of 0.99%. Local government entities within Anaktuvuk Pass set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anaktuvuk 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 Anaktuvuk Pass's effective property tax rate to other regions in Alaska and the national median. For comparison, the zip code 99721 has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these areas compare with Anaktuvuk Pass provides valuable insights into the varying tax landscape across North Slope, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anaktuvuk Pass Tax Rate
1.24%
Average North Slope County Tax Rate
1.80%
Average Alaska Tax Rate
1.37%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anaktuvuk Pass, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99721 | 0.47% | 0.67% | 1.24% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Anaktuvuk Pass, Alaska
In Anaktuvuk 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 North Slope County Appraisal District 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 Anaktuvuk 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 Anaktuvuk Pass helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 99721 has both the highest and lowest median tax bill at $969.
Average Anaktuvuk Pass Assessed Value
$92,400
Average North Slope County Assessed Value
$130,000
Average Alaska Assessed Value
$289,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anaktuvuk Pass, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99721 | $43,560 | $64,200 | $92,400 | $122,400 | $139,120 |
Source: Ownwell
Property Tax Bills Across Anaktuvuk Pass, Alaska
In Anaktuvuk Pass, located in North Slope County, AK, property tax bills are calculated based on the assessed value of the property. The median home price in the area is $92,400, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners, this means their tax bill can vary significantly. For instance, the 25th percentile tax bill in Anaktuvuk Pass is $695, while the 75th percentile tax bill is $1,328, and the 90th percentile tax bill reaches $1,625. These figures highlight the range of property tax bills that homeowners might expect, depending on their property's assessed value. Comparatively, the median property tax rate nationally is 0.99%, which provides a benchmark for understanding local tax burdens. Homeowners in Anaktuvuk Pass should be aware of these factors to better anticipate their annual property tax obligations.
Average Anaktuvuk Pass Tax Bill
$969
Average North Slope County Tax Bill
$2,211
Average Alaska Tax Bill
$3,874
Average United States Tax Bill
$2,690
Property Tax Bills Across Anaktuvuk Pass, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99721 | $398 | $695 | $969 | $1,328 | $1,625 |
Source: Ownwell