Kaktovik, North Slope County, Alaska Property Taxes
Median Kaktovik, AK effective property tax rate: 1.80%, significantly higher than the national median of 1.02%, but lower than the Alaska state median of 1.37%.
Median Kaktovik, AK home value: $100,300
Median annual Kaktovik, AK tax bill: $1,216, $1,184 lower than the national median property tax bill of $2,400.
How are property taxes in North Slope calculated?
Property taxes in Kaktovik, 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 Kaktovik’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kaktovik, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Kaktovik, North Slope County, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.8%
Estimate Property Tax Bill
$1,874
$1,739
Property Tax Rates Across Kaktovik, North Slope County, Alaska
Local government entities determine tax rates, which can significantly differ across a state. This variation occurs because each county annually estimates its necessary budget to fund services and divides this by the total value of all taxable property within its area. This calculation determines the property tax rate. While setting tax rates and budgets involves votes and laws, this is the annual process in a nutshell.
In Kaktovik, located in North Slope County, AK, the effective property tax rate can be compared to other cities within the state and the national median. With a median property tax rate of 1.80%, Kaktovik stands above the national median of 1.02%. This higher rate reflects the unique budgetary needs and property values within the county. The consistency in the highest and lowest median tax rates within the same zip code underscores the uniformity in tax assessments in this region. Comparing these rates offers valuable insights into how property taxes in Kaktovik align with broader state and national trends.
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 Kaktovik Tax Rate
1.80%
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 North Slope County Tax Rate
1.80%
Median Effective Alaska Tax Rate
1.16%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Kaktovik, North Slope County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99747 | 0.51% | 0.75% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Kaktovik, North Slope County, Alaska
When examining property taxes in Kaktovik, 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 North Slope 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 North Slope 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 Kaktovik.
For example, the median home price in Kaktovik is $100,300, with tax bills ranging significantly across the county. The zip code 99747 has the highest median home price at $100,300.
Property Tax Assessment Values Across Kaktovik, North Slope County, Alaska
Source: Ownwell
$95,050
$171,025
$247,000
Median Kaktovik Market Value
$104,100
Median North Slope County Market Value
$144,950
Median Alaska Market Value
$291,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Kaktovik, North Slope County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99747 | $60,480 | $78,400 | $104,100 | $131,000 | $162,340 |
Source: Ownwell
Property Tax Bills Across Kaktovik, North Slope County, Alaska
Median Kaktovik Tax Bill
$1,366
Median North Slope County Tax Bill
$2,738
Median Alaska Tax Bill
$3,021
Median United States Tax Bill
$2,400
Property Tax Bills Across Kaktovik, North Slope County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99747 | $590 | $882 | $1,366 | $2,017 | $2,308 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 1 |
Links | |
|---|---|
| North Slope Tax Assessor | |
| Website | www.north-slope.org |