Wrangell County, Alaska Property Taxes
The median property tax rate in Wrangell is 1.28%, which is significantly higher than the national median of 0.99% but lower than the Alaska state median of 1.37%. With a median home value of $14,200 in Wrangell, the typical annual property tax bill is around $194, far below the national median of $2,690. Property taxes in Wrangell are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence exemption. Understanding Wrangell's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Wrangell or another part of the county, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wrangell County, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$182
$169
Ownwell’s Wrangell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wrangell with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wrangell to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Wrangell County, Alaska
Property taxes in Wrangell play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wrangell is 1.28%, which is higher than the U.S. national median of 0.99%. Local government entities within Wrangell set these rates annually, and they can vary significantly between different areas within the county. Each year, Wrangell estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Wrangell's effective property tax rate with other counties in Alaska and the national median. For comparison, the city of Wrangell has one of the higher property tax rates in Alaska at 1.28%. Analyzing how Wrangell's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wrangell County Tax Rate
1.28%
Average Alaska Tax Rate
1.37%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wrangell County, Alaska
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Wrangell | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Wrangell County, Alaska
In Wrangell, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Wrangell Appraisal District. The assessed value, however, 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. Assessment notices in Wrangell are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Wrangell will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Wrangell has the highest and lowest median tax bill, both at $2100, highlighting the diverse range of property tax experiences within the county.
Average Wrangell County Assessed Value
$14,200
Average Alaska Assessed Value
$289,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wrangell County, Alaska
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Wrangell | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Wrangell County, Alaska
In Wrangell, AK, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This value is then multiplied by the local property tax rate to calculate the annual tax bill. For homeowners in Wrangell, the median home price is $14,200. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value. Homeowners can expect a wide range in their tax bills, with the 25th percentile paying around $79 and the 75th percentile paying approximately $878. At the 90th percentile, tax bills can reach up to $1,864. While Wrangell's tax rates and assessed values can vary, the highest and lowest median tax bills both stand at $2,100. Compared to the national median property tax rate of 0.99%, Wrangell offers a unique landscape for property taxes, significantly impacting homeowners' annual expenses.
Average Wrangell County Tax Bill
$194
Average Alaska Tax Bill
$3,874
Average United States Tax Bill
$2,690
Property Tax Bills Across Wrangell County, Alaska
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Wrangell | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell