Hope, Kenai Peninsula County, Alaska Property Taxes

Name: Property Tax Bills Across Hope, Kenai Peninsula County, Alaska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median HOPE, AK effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but lower than the Alaska state median of 1.37%.
Median HOPE, AK home value: $118,200
Median annual HOPE, AK tax bill: $576, $1,824 lower than the national median property tax bill of $2,400.

How are property taxes in Kenai Peninsula calculated?

Property taxes in HOPE, 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 HOPE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in HOPE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hope, Kenai Peninsula County, Alaska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.57%

Estimate Property Tax Bill

$674

$625

Ownwell’s Hope Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hope with just two data points. By entering your property's estimated assessed value, our calculator applies Hope’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Kenai Peninsula. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hope, Kenai Peninsula County, Alaska

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Though votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. Hope in Kenai Peninsula, Alaska, offers a unique perspective on property taxes. The median property tax rate in Kenai Peninsula is 0.57%, which is significantly lower than the national median of 1.02%. This lower rate can be an attractive factor for property owners seeking relief from high property taxes. When comparing Hope’s effective property tax rate to other cities in Alaska and the U.S., it's clear that property owners in Hope enjoy a more favorable tax environment. This could be an enticing consideration for those looking to invest or relocate, as the lower tax rate can contribute to overall cost savings.

Property Tax Rates Across Hope, Kenai Peninsula County, Alaska

Source: Ownwell

0.57%

0.79%

1.01%

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 Hope Tax Rate

0.57%

Median Effective Kenai Peninsula County Tax Rate

0.87%

Median Effective Alaska Tax Rate

1.37%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hope, Kenai Peninsula County, Alaska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
99605	0.25%	0.57%	0.57%	0.57%	0.57%

Source: Ownwell

Property Tax Assessment Values Across Hope, Kenai Peninsula County, Alaska

When examining property taxes in Hope, 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 Kenai Peninsula 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. Assessment notices: In Kenai Peninsula 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 Hope. For example, the median home price in Hope is $118,200, with tax bills ranging significantly across the county. 99605 has the highest median home price at $118,200.

Property Tax Assessment Values Across Hope, Kenai Peninsula County, Alaska

Source: Ownwell

$116,300

$217,950

$319,600

Median Hope Market Value

$118,200

Median Kenai Peninsula County Market Value

$187,000

Median Alaska Market Value

$289,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hope, Kenai Peninsula County, Alaska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
99605	$50,360	$70,400	$118,200	$222,600	$331,600

Source: Ownwell

Property Tax Bills Across Hope, Kenai Peninsula County, Alaska

In the city of Hope, located in Kenai Peninsula, AK, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by local assessors and reflects the market value of the property. Factors such as property size, location, and condition influence this assessment. In Hope, the median home price is $118,200, which results in a median property tax bill significantly lower than the national median of $2,400. Homeowners in Hope can expect tax bills ranging from $327 at the 25th percentile to $1,744 at the 90th percentile. With the highest and lowest median tax bills both at $576 in the zip code 99605, homeowners can enjoy relatively consistent tax obligations. Ownwell assists homeowners by identifying potential errors in assessments and securing exemptions to lower tax bills. By leveraging expert knowledge and local insights, Ownwell helps homeowners in Hope reduce their property tax burden, ensuring they only pay their fair share.

Property Tax Bills Across Hope, Kenai Peninsula County, Alaska

Source: Ownwell

$537

$1,117

$1,696

Median Hope Tax Bill

$576

Median Kenai Peninsula County Tax Bill

$1,110

Median Alaska Tax Bill

$3,874

Median United States Tax Bill

$2,400

Property Tax Bills Across Hope, Kenai Peninsula County, Alaska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
99605	$171	$327	$576	$1,173	$1,744

Source: Ownwell