Sutton, Matanuska-susitna County, Alaska Property Taxes
Median Sutton, AK effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, but lower than the Alaska state median of 1.37%.
Median Sutton, AK home value: $93,400
Median annual Sutton, AK tax bill: $909, $1,491 lower than the national median property tax bill of $2,400.
How are property taxes in Matanuska-Susitna calculated?
Property taxes in Sutton, 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 Sutton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sutton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sutton, Matanuska-susitna County, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.21%
Estimate Property Tax Bill
$1,130
$1,049
Property Tax Rates Across Sutton, Matanuska-susitna County, Alaska
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to each county's annual budget requirements to provide essential services. They estimate their budget and divide it by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws are part of the process, this is essentially how it works each year.
In Sutton, located in Matanuska-Susitna County, the effective property tax rate is 1.21%. This rate is notably higher than the national median property tax rate of 1.02%. Compared to other cities in Alaska, Sutton's tax rate is on the higher end, reflecting the specific budgetary needs and property values in the area. Understanding these differences is crucial for property owners who are looking to manage their tax liabilities effectively. By appealing your property taxes with expert guidance, you can ensure that your property is assessed fairly, potentially lowering your tax bill.
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 Sutton Tax Rate
1.21%
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 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 Sutton, Matanuska-susitna County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99674 | 0.88% | 0.88% | 1.21% | 1.62% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Sutton, Matanuska-susitna County, Alaska
When examining property taxes in Sutton, 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 Sutton. For example, the median home price in Sutton is $93,400, with tax bills ranging significantly across the county. Zip code 99674 has the highest median home price at $93,400.
Property Tax Assessment Values Across Sutton, Matanuska-susitna County, Alaska
Source: Ownwell
$50,000
$189,600
$329,200
Median Sutton Market Value
$93,400
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 Sutton, Matanuska-susitna County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99674 | $25,280 | $44,850 | $93,400 | $234,800 | $365,560 |
Source: Ownwell
Property Tax Bills Across Sutton, Matanuska-susitna County, Alaska
In Sutton, located in Matanuska-Susitna, AK, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The tax rate is set by the local government and is applied to the assessed value, which is typically a percentage of the market value. In Sutton, the median property tax bill is $909, significantly lower than the national median of $2,400. Factors that influence the tax bill include changes in the property's assessed value and any alterations in local tax rates. For homeowners, this means that even minor fluctuations in these factors can impact their annual tax obligations.
Ownwell assists homeowners by providing expert property tax appeal services, potentially lowering their tax bills. By analyzing the assessed value and comparing it with similar properties, Ownwell identifies discrepancies that could lead to savings. For homeowners in Sutton, leveraging Ownwell's expertise could mean a reduction in their property tax expenses, ensuring they are not overpaying and are only paying their fair share.
Median Sutton Tax Bill
$909
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 Sutton, Matanuska-susitna County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99674 | $251 | $462 | $909 | $2,389 | $4,254 |
Source: Ownwell