Barrow, North Slope County, Alaska Property Taxes
Median Barrow, AK effective property tax rate: 1.80%, significantly higher than the national median of 1.02%, but lower than the Alaska state median of 1.37%.
Median Barrow, AK home value: $201,800
Median annual Barrow, AK tax bill: $2,987, $587 higher than the national median property tax bill of $2,400.
How are property taxes in North Slope calculated?
Property taxes in Barrow, AK are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Barrow’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Barrow, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Barrow, North Slope County, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.8%
Estimate Property Tax Bill
$3,632
$3,371
Property Tax Rates Across Barrow, North Slope County, Alaska
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Annually, each county estimates its required budget for public services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
In Barrow, located in North Slope County, AK, the effective property tax rate is a reflection of this process. The median property tax rate in Alaska is 1.80%, which is significantly higher than the national median property tax rate of 1.02%. This means homeowners in Barrow may face higher property tax bills compared to other areas in the country. Understanding these rates is crucial for property owners looking to manage their tax obligations effectively. By comparing Barrow's effective property tax rate to other cities in Alaska and the national median, property owners can gain insight into their tax responsibilities and explore potential savings through appeals or exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Barrow Tax Rate
1.80%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective North Slope County Tax Rate
1.80%
Median Effective Alaska Tax Rate
1.37%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Barrow, North Slope County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99723 | 1.00% | 1.22% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Barrow, North Slope County, Alaska
When examining property taxes in Barrow, AK, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The North Slope County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In North Slope County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Barrow.
For example, the median home price in Barrow is $201,800, with tax bills ranging significantly across the county. Zip code 99723 has the highest median home price at $201,800.
Property Tax Assessment Values Across Barrow, North Slope County, Alaska
Source: Ownwell
$91,700
$146,750
$201,800
Median Barrow Market Value
$201,800
Median North Slope County Market Value
$130,000
Median Alaska Market Value
$289,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Barrow, North Slope County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99723 | $74,860 | $131,500 | $201,800 | $271,700 | $358,640 |
Source: Ownwell
Property Tax Bills Across Barrow, North Slope County, Alaska
Median Barrow Tax Bill
$2,987
Median North Slope County Tax Bill
$2,211
Median Alaska Tax Bill
$3,874
Median United States Tax Bill
$2,400
Property Tax Bills Across Barrow, North Slope County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99723 | $1,031 | $2,041 | $2,987 | $4,403 | $6,060 |
Source: Ownwell