Wrangell, Alaska Property Taxes
The median property tax rate in Wrangell, AK is 1.28%, which is higher than the national median of 0.99% but slightly below the Alaska state median of 1.37%. With a median home value of $164,700 in Wrangell, the typical annual property tax bill amounts to $2,100, which is below the national median of $2,690. Property taxes in Wrangell are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Wrangell'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 Wrangell 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
Wrangell, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$2,108
$1,956
Ownwell’s Wrangell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wrangell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wrangell 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 Wrangell, Alaska
Property taxes in Wrangell, Alaska, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wrangell is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Wrangell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wrangell 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 Wrangell's effective property tax rate to other counties in Alaska and the national median. For comparison, the 99929 zip code has the highest median property tax rate of 1.28%, while the same zip code has the lowest median tax rate of 1.28%. Understanding how these cities compare with Wrangell provides valuable insights into the varying tax landscape across Wrangell, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wrangell Tax Rate
1.28%
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, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99929 | 1.11% | 1.22% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Wrangell, Alaska
In Wrangell, 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 local authorities 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 Wrangell, 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 Wrangell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 99929 has both the highest and lowest median tax bill at $2,100.
Average Wrangell Assessed Value
$164,700
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, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99929 | $70,410 | $117,525 | $164,700 | $195,675 | $213,630 |
Source: Ownwell
Property Tax Bills Across Wrangell, Alaska
In Wrangell, AK, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Wrangell, the median home price stands at $164,700. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,475 and the 75th percentile reaching $2,495. At the 90th percentile, tax bills can go up to $2,724. The tax rate in Wrangell is influenced by various factors, including local government budgets, school funding, and public services. Homeowners should be aware that their property tax bill can have a substantial impact on their annual expenses. Comparing this to the national median property tax rate of 0.99%, Wrangell's property tax rates can be quite variable, reflecting the unique financial needs and property values within the county.
Average Wrangell Tax Bill
$2,100
Average Wrangell County Tax Bill
$194
Average Alaska Tax Bill
$3,874
Average United States Tax Bill
$2,690
Property Tax Bills Across Wrangell, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99929 | $833 | $1,475 | $2,100 | $2,495 | $2,724 |
Source: Ownwell