Big Lake, Matanuska-susitna County, Alaska Property Taxes

Name: Property Tax Bills Across Big Lake, Matanuska-susitna County, Alaska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Big Lake, AK effective property tax rate: 1.12%, significantly higher than the national median of 1.02%, but lower than the Alaska state median of 1.37%.
Median Big Lake, AK home value: $91,350
Median annual Big Lake, AK tax bill: $932, $1,468 lower than the national median property tax bill of $2,400.

How are property taxes in Matanuska-Susitna calculated?

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

Last Updated March 1, 2025

Big Lake, Matanuska-susitna County, Alaska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.12%

Estimate Property Tax Bill

$1,023

$949

Ownwell’s Big Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Big Lake with just two data points. By entering your property's estimated assessed value, our calculator applies Big Lake’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 Matanuska-Susitna. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Big Lake, Matanuska-susitna County, Alaska

Local government entities in Alaska set property tax rates, leading to significant variation within the state. Each year, counties like Matanuska-Susitna estimate their budget needs for essential services and divide this by the total value of taxable property to determine the property tax rate. While the process involves votes and legal considerations, this is the fundamental approach. Big Lake, located in Matanuska-Susitna County, showcases a property tax rate of 1.12%, which matches the lowest median tax rate in the region. This is slightly above the national median property tax rate of 1.02%. In contrast, the highest median tax rate in Alaska can be found in the 99623 zip code, reaching 1.32%. Comparing these figures to the national median property tax bill of $2,400, property owners in Big Lake and surrounding areas might experience different financial implications based on these rates. Understanding these variations can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Big Lake, Matanuska-susitna County, Alaska

Source: Ownwell

1.10%

1.29%

1.48%

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 Big Lake Tax Rate

1.12%

Median Effective Matanuska-susitna County Tax Rate

1.21%

Median Effective Alaska Tax Rate

1.37%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Big Lake, Matanuska-susitna County, Alaska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
99623	1.23%	1.32%	1.32%	1.32%	1.32%
99652	1.12%	1.12%	1.12%	1.12%	1.12%

Source: Ownwell

Property Tax Assessment Values Across Big Lake, Matanuska-susitna County, Alaska

When examining property taxes in Big Lake, 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 Matanuska-Susitna 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 Matanuska-Susitna 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 Big Lake. For example, the median home price in Big Lake is $91,350, with tax bills ranging significantly across the county. Zip code 99623 has the highest median home price at $286,100.

Property Tax Assessment Values Across Big Lake, Matanuska-susitna County, Alaska

Source: Ownwell

$50,000

$189,600

$329,200

Median Big Lake Market Value

$91,350

Median Matanuska-susitna County Market Value

$277,600

Median Alaska Market Value

$289,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Big Lake, Matanuska-susitna County, Alaska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
99623	$115,260	$183,925	$286,100	$332,375	$433,230
99652	$37,550	$45,475	$69,200	$128,225	$239,950

Source: Ownwell

Property Tax Bills Across Big Lake, Matanuska-susitna County, Alaska

In Big Lake, located in Matanuska-Susitna County, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is based on the market value of the property, which in Big Lake, has a median home price of $91,350. The local tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Big Lake can expect a wide range of tax bills, with the 25th percentile at $574 and the 75th percentile at $2,784. The 90th percentile reaches as high as $4,320, indicating significant variability depending on property values and specific circumstances.

Compared to the national median property tax bill of $2,400, Big Lake's tax bills can be quite favorable. However, homeowners still face the challenge of ensuring their assessed values are accurate. This is where Ownwell can assist. By providing expertise in property tax appeals and exemptions, Ownwell helps homeowners challenge inaccurate assessments, potentially reducing their tax burden and ensuring they only pay what is fair.

Property Tax Bills Across Big Lake, Matanuska-susitna County, Alaska

Source: Ownwell

$515

$2,179

$3,843

Median Big Lake Tax Bill

$932

Median Matanuska-susitna County Tax Bill

$2,908

Median Alaska Tax Bill

$3,874

Median United States Tax Bill

$2,400

Property Tax Bills Across Big Lake, Matanuska-susitna County, Alaska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
99623	$1,399	$3,284	$3,843	$4,361	$5,329
99652	$421	$502	$712	$1,421	$2,441

Source: Ownwell