Naknek, Bristol Bay County, Alaska Property Taxes
Median Naknek, AK effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the Alaska state median of 1.37%.
Median Naknek, AK home value: $503,000
Median annual Naknek, AK tax bill: $5,534, $3,134 higher than the national median property tax bill of $2,400.
How are property taxes in Bristol Bay calculated?
Property taxes in Naknek, 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 Naknek’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Naknek, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Naknek, Bristol Bay County, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.1%
Estimate Property Tax Bill
$5,533
$5,134
Property Tax Rates Across Naknek, Bristol Bay County, Alaska
Local government entities determine tax rates, which can differ significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this amount by the total value of all taxable property within their area. This process yields the property tax rate. Although laws and public votes play roles in setting these rates, this is the basic annual procedure.
In Naknek, located in the Bristol Bay Borough of Alaska, the effective property tax rate can be compared to other Alaskan cities and the state’s median property tax rate of 1.10%. This rate is slightly above the national median property tax rate of 1.02%. Understanding these differences is crucial for property owners in Naknek, as it directly impacts their annual tax obligations. By comparing Naknek’s tax rate with the national and state medians, property owners can gain insight into how their tax responsibilities measure up. This knowledge is essential for making informed decisions about property tax appeals and exemptions, ultimately helping to manage and potentially reduce their tax burden.
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 Naknek Tax Rate
1.10%
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 Bristol Bay County Tax Rate
1.10%
Median Effective Alaska Tax Rate
1.37%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Naknek, Bristol Bay County, Alaska
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
99633 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Naknek, Bristol Bay County, Alaska
When examining property taxes in Naknek, 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 Bristol Bay 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 Bristol Bay 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 Naknek. For example, the median home price in Naknek is $503,000, with tax bills ranging significantly across the county.
Median Naknek Market Value
$503,000
Median Bristol Bay County Market Value
$163,100
Median Alaska Market Value
$289,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Naknek, Bristol Bay County, Alaska
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
99633 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Naknek, Bristol Bay County, Alaska
In Naknek, located in Bristol Bay, AK, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors, who evaluate the property's market value and apply the local tax rate. For homeowners in Naknek, the median home price stands at $503,000, which significantly influences the tax bill. The property tax bill for the 25th, 75th, and 90th percentiles is $5,534, which is more than double the national median property tax bill of $2,400. This higher tax bill can pose a financial burden for homeowners, affecting their overall cost of living.
Ownwell assists homeowners by identifying potential savings on property tax bills. By leveraging expertise in property tax appeals and exemptions, Ownwell can help ensure that assessments are fair and accurate. This service can lead to reduced tax liabilities, providing significant financial relief. Homeowners in Naknek can benefit from Ownwell's personalized approach, which aims to minimize property tax expenses and maximize savings.
Median Naknek Tax Bill
$5,534
Median Bristol Bay County Tax Bill
$1,573
Median Alaska Tax Bill
$3,874
Median United States Tax Bill
$2,400
Property Tax Bills Across Naknek, Bristol Bay County, Alaska
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
99633 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell