Chugiak, Anchorage County, Alaska Property Taxes
Median Chugiak, AK effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the Alaska state median of 1.37%.
Median Chugiak, AK home value: $372,850
Median annual Chugiak, AK tax bill: $5,573, $3,173 higher than the national median property tax bill of $2,400.
How are property taxes in Anchorage calculated?
Property taxes in Chugiak, 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 Chugiak’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chugiak, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chugiak, Anchorage County, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.5%
Estimate Property Tax Bill
$5,593
$5,190
Property Tax Rates Across Chugiak, Anchorage County, Alaska
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Chugiak, located in Anchorage, AK, the effective property tax rate is notably higher than the national median property tax rate of 1.02%. Anchorage has a median property tax rate of 1.50%, which is above the national median, resulting in higher property tax bills compared to the national average of $2,400. This means that property owners in Chugiak may experience a more substantial tax burden than those in other parts of the country. Comparing Chugiak’s effective property tax rate to other cities in Alaska, it aligns with the state's median property tax rate, suggesting a consistent approach to property taxation within the region. This information is crucial for property owners seeking to understand their tax obligations and explore potential avenues for appealing or reducing their property taxes.
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 Chugiak Tax Rate
1.50%
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 Anchorage County Tax Rate
1.70%
Median Effective Alaska Tax Rate
1.37%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chugiak, Anchorage County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99567 | 1.50% | 1.50% | 1.50% | 1.50% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Chugiak, Anchorage County, Alaska
When examining property taxes in Chugiak, 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 Anchorage 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 Anchorage County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Chugiak. For example, the median home price in Chugiak is $372,850, with tax bills ranging significantly across the county. Zip code 99567 has the highest median home price at $372,850.
Property Tax Assessment Values Across Chugiak, Anchorage County, Alaska
Source: Ownwell
$269,600
$386,900
$504,200
Median Chugiak Market Value
$372,850
Median Anchorage County Market Value
$340,300
Median Alaska Market Value
$289,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chugiak, Anchorage County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99567 | $191,930 | $297,175 | $372,850 | $454,725 | $550,950 |
Source: Ownwell
Property Tax Bills Across Chugiak, Anchorage County, Alaska
Median Chugiak Tax Bill
$5,573
Median Anchorage County Tax Bill
$5,656
Median Alaska Tax Bill
$3,874
Median United States Tax Bill
$2,400
Property Tax Bills Across Chugiak, Anchorage County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99567 | $2,473 | $4,385 | $5,573 | $6,795 | $8,258 |
Source: Ownwell